Borrower Stories
Proud Ground, a community land trust in Portland, Oregon, provides permanently affordable housing and access to home ownership for low-income households. PCG's loan supported the construction of 12 affordable homes within the Lents Urban Renewal Area.
PCG’s $600,000 loan is the first loan funded under a new GAP loan program. The program was partially funded with a CDFI grant with a purpose of enabling partnerships with CDFI banks who face more stringent regulatory requirements, particularly loan to value constraints.
The Ashby Street Project houses 21 low-income families. Partners helped finance this development to provide affordable rental opportunities for this Dallas community.