Housing Authority of Clackamas County Resolution 2003 Development Agreements March 2026
Proud Ground to Manage Affordable Housing Land Trust Portfolio
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Description
Housing Authority of Clackamas County has approved a resolution authorizing development agreements with Proud Ground for the negotiated sale of public housing units to support affordable homeownership through a land trust model. The agreements may include seller financing of up to three years, with a total sale value estimated at $20.7 million. Proud Ground will operate as Community Land Trust manager and oversee needed repairs before transfer to qualified buyers.
Contract Details
Contract Amount
Approximately $20,700,000 gross revenue (aggregate property sale value)
Vendor
PROUD GROUND
Agency
Clackamas County, OR
Contract Type
OTHER
Document Date
March 7, 2026
Contract Term
Up to three years seller financing for the CLT; development agreements to be negotiated after March 12, 2026 resolution approval
Renewal Date
2029-03-12
Renewal Info
Seller financing term up to three years; extension or renewal would depend on buyer consummation by the CLT; amendment possible for terms in final negotiation.
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