Proud Ground

Acquisition and project developmentnew construction the organization has partnered with private and nonprofit developers to design, finance, and construct homes to sell to income-qualified buyers. The organization either owns the land or will receive the title to the land when the improvements are sold to a new homeowner. In 2010, condominiums first entered the organizations portfolio. With condominiums, the organization holds a deed covenant. From 1999 through the end of 2024, proud ground and its partners built 41 single-family residences and 214 residences in multi-family settings that are now occupied by homeowners.proud ground may consider the role of lead developer in new construction projects due to opportunities to build more inventory to meet the strategic goals of the organization. Each opportunity for proud ground to serve as lead developer in new construction projects will be thoroughly examined by board and staff to determine project feasibility. Buyer-initiated grants often funds are provided from external source/sources to offer home buyers grants with which to purchase homes on the open market; the amount of the grant buys down the purchase price of the home, making it affordable to low- and moderate-income and/or first-time homebuyers. Often the grants come with geographic restrictions and/or require that a portion of the grant be used toward necessary repairs and/or energy efficiency upgrades. All homes purchased with such grants become part of the organizations portfolio of permanently affordable homes, with proud ground receiving title to the land. From 1999 to december 31, 2024, 235 buyer-initiated grants have been administered.acquisition rehab often funds are provided to the llc to purchase and renovate distressed homes. After full renovation, the homes are offered for sale to income-qualified buyers. Since 1999, fifty seven (57) homes have been acquired, renovated and sold through this program.other occasionally equity in a house or condominium is donated to the organization when sold to a qualified homebuyer. Between 1999 and december 31, 2024, eight (8) homes entered proud grounds portfolio this way.