Jesse Beason_BWH Portland 2011
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Transcript of Jesse Beason_BWH Portland 2011
![Page 1: Jesse Beason_BWH Portland 2011](https://reader035.fdocuments.us/reader035/viewer/2022062220/55540782b4c90544428b516a/html5/thumbnails/1.jpg)
MEET PROUD GROUND
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What makes us different
We create equity for the current generation while passing on affordability to the next.
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Why permanent affordability?
2001 2002 2003 2004 2005 2006 2007 2008 2009 20100
50000
100000
150000
200000
250000
300000Market-RateProud GroundMFI
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How does it work?• To protect homeowner
rights, and keep the home affordable, Proud Ground and homeowner sign a legal agreement.
• In this agreement, a resale formula ensures affordability when or if a homeowner decides to sell.
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It is like traditional homeownership in that...• You have a mortgage with
a bank.• You accumulate equity.• You enjoy the tax benefits
of homeownership.• You pay property taxes,
though they are often reduced.
• You are free to remodel and improve your home and yard.
• Your home can be inherited.
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It is different in that...
• The purchase price is much, much lower.
• In exchange, you resell the house at an affordable price and enjoy a fair return on your investment.
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Working with brokers
• Our buyers are represented by a broker• We pay buyers agent fees• Our homes are listed after the First Look
period
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Working with employers
• Payroll inserts, posters, e-campaigns• Dedicated information sessions• Geographic targeting• Down payment assistance
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Thank you!