Affordable townhome condominiums available to N/NE Preference Policy households earning 65 - 80% AMI
Information
Addresses:
5015 NE Mallory Ave, Portland, OR 97211 (North building – Building A)
125 NE Alberta St, Portland, OR 97211 (South building – Building B)
Bedrooms: 3 bedrooms
Bath: 2.5 bathrooms
Number of Townhomes: 8
Number of Parking Spaces: 8
Anticipated Completion Date: November 2026
Affordability: Units are income-restricted to households earning at or below 80% of the Area Median Income (AMI).
Anticipated Home Sale Price: $299,000 (subject to change)
Anticipated Monthly HOA Fee: TBD
Monthly Ground Lease Fee: $51.50
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Developers: Community Development Partners & Self Enhancement, Inc.
Community Land Trust: Proud Ground
Architect: Scott Edwards Architecture
Contractor: Owen Gabbert LLC
How do I buy a unit?
The Alberta Alive Condominiums will be available for purchase to households currently accepted to the North/Northeast (N/NE) Preference Policy Program and registered with Arrive Homeownership (formerly Portland Housing Center). If this is you, and you’re interested in purchasing a home, please contact your Arrive Homeownership housing counselor. Your counselor will be able to connect you with Proud Ground, who will support you with income verification and guide you through each step of the homebuying process.
The N/NE Homeownership Preference Policy Waitlist is currently closed. For more information on the Preference Policy Waitlist please visit the policy’s webpage or email phbinfo@portlandoregon.gov.
