By Stacy Brownhill, Staff Writer
When Sakorya Avery first heard of the nonprofit Proud Ground in 2005, then called Portland Community Land Trust, she hesitated. Twice she had already looked into buying a home, but the sky-high market resigned Avery to living in Section 8 Housing at $825 per month. She took the plunge, and six years later, the 35-year-old teaching assistant and mother of four owns her own 2,300 square foot home in Southeast Portland, pays $750 per month in mortgage payments, and sings the praises of Proud Ground and homeownership.
Proud Ground is one of 230 community land trusts (CLTs) nationwide — nonprofits born out of soaring home prices and shrinking urban space over the last thirty years, designed specifically to provide stable land and housing to those who would otherwise be denied. Simply put, Proud Ground acquires relatively modern, renovated homes and the land beneath them, and sells the homes heavily subsidized (about $60,000 to $100,000 under the market rate) to people hankering to own a home. Continue reading