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. In 2019, we will be breaking ground on our newest homeownership development projects: cottage cluster community land trust homes in Florence and Cottage Grove.
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.
Current Homes for Sale
Check back later - we don’t have any homes for sale right now.
Cottage Grove – we’re building 6 homes that will break ground in fall 2019, and should be ready to sell in early summer 2020. We are generating a list of interested potential buyers now, and expect applications to open in early 2020. If you are interested in joining that list, or in receiving general updates about the project, please complete this short survey.
Florence – we’re building 12 homes that will break ground in winter 2019/20, and should be ready to sell in late fall 2020. We are generating lists of interested buyers now, and expect applications to open in early 2020. If you are interested in joining that list, or in receiving general updates about the project, please complete this short survey.