Housing Authority of Clackamas County Resolution 2003 Development Agreements March 2026
HACC authorized to negotiate CLT deals with Proud Ground
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Description
The Housing Authority of Clackamas County is authorized to enter into development agreements with Proud Ground for sale of selected scattered site properties at or below fair market value through a community land trust model. The resolution permits seller financing for up to three years to facilitate affordable homeownership for income-qualified households.
Contract Details
Vendor
PROUD GROUND
Agency
Clackamas County, OR
Contract Type
OTHER
Document Date
March 12, 2026
Contract Term
Loan term of up to three years for any seller financing; development agreement term not specified
Renewal Info
Resolution 2003 permits HACC to extend seller financing to the community land trust for up to three years, with repayment upon sale to qualified buyers; no formal renewal or extension provisions are specified.
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