Homeownership is one of the most powerful ways for low/moderate income families to build stability, create assets that can be passed to the next generation, and find financial stability for retirement. Over the years, we’ve built and sold more than 155 homes for low and moderate income first-time homebuyers. But with wages staying flat and the cost of homes (and land and construction) skyrocketing, homeownership is getting farther and farther out of reach. That’s why DevNW builds new homes for moderate income buyers – often first time buyers.
Many of our new homes are now Community Lane Trust (CLT) homes, a unique model that separates the home from the land; DevNW holds the land in trust, and sells the home to a moderate income buyer (with a 99 year lease on the land). This helps create extra affordability, while also ensuring that the home is not just affordable to the first buyer…but to every buyer down the road. Learn more about Community Land Trust homes.
Florence – We’re building 12 homes that will be ready for purchase in early 2021.
Projects In Planning
These are projects for which we have secured funding, but we have not yet broken ground. But it’s never too early to start planning: if you might be interested, contact our team to ask about meeting with a homeownership counselor who can help you get ready!
West Eugene – We will be building 31 units on Royal Ave, across from Prairie Mountain School. Expected to break ground in early 2021. Learn more.
South Corvallis – We will be building 11 units behind the former New Holland Tractor site. Expected to break ground in mid-to-late 2021.
Get on the path to homeownership by connecting to a homeownership counselor to develop a plan to meet your goals