A new group of affordable homes are coming on the market in Southeast Portland. The sustainable housing project Svaboda Court had its grand opening today Wednesday.
Svaboda Court is the brainchild of Proud Ground, a community Land Trust that builds low cost, environmentally sustainable homes. The homes cost a total of 2.8 million dollars to build. 1.2 million came from Portland¹s Housing Bureau.
Housing Commissioner Nick Fish calls that money an investment. And he says the city won¹t always have the resources to keep up with demand.
"We are seeing a rising tide of need and declining resources. The next four years are going to be challenging," says Fish.
The Svaboda Court's twelve homes are listed for between 105 and 131,000 dollars. Families that earn at or below 80 percent of the median income for the Portland metro area can qualify for home ownership. For a family of three that would be about $52,000 a year. The first occupants of Svaboda Court are scheduled to move there in September.