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.
Get on the path to homeownership by connecting to a homeownership counselor to develop a plan to meet your goals.
Nelson Place (Eugene) - DevNW is building 31 homes on Royal Ave, across from Prairie Mountain School. These homes will be ready for purchase in 2023.
South Corvallis - DevNW is building 11 homes behind the former New Holland Tractor site. These homes will be ready for purchase in summer 2023.
Clackamas CLT - DevNW is building 10 3BR homes in Milwaukie, starting February 2023. These homes will be ready for purchase in 2024.
MacLeay CLT (Salem) - DevNW is building 24 homes [Townhouse(9), 2BR(7) & 3BR(8)] in Salem, starting in January 2023. These homes will be ready for purchase in summer 2024.
Take a look at our past homeownership projects:
Florence - DevNW built 12 homes in Florence in 2021
Cottage Grove - DevNW built 6 homes in Cottage Grove in 2020
If you have questions about our CLT homes, contact Luis Mendoza at or 541-345-7106 x2053.