About The Condominiums
The Alberta Alive Condominiums represent the fourth phase of the Alberta Alive initiative and will provide affordable homeownership opportunities for households earning between 60% and 80% of the area median income (AMI). The project will include eight three-bedroom, two-and-a-half-bath townhome condominiums, each featuring dedicated parking and a thoughtful mix of public and private outdoor spaces designed to foster community and livability.
Community Development Partners and Self Enhancement, Inc are collaborating with Portland Housing Bureau’s N/NE Oversight Committee, We All Rise, and Proud Ground on this project. The Condominiums will leverage the N/NE Preference Policy waitlist to ensure an equitable process for homebuyer selection. We All Rise, a community development firm, has helped develop a homeownership model that prioritizes the experiences of displaced Black Portlanders. Proud Ground, the largest Community Land Trust in the Pacific Northwest, will ultimately own the land, ensuring the townhome condominiums remain affordable in perpetuity.
Affordable townhome condominiums available to families earning 60-80% 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: October 2026
Affordability: 60% – 80% AMI
Anticipated Home Sale Price: $299,000 (subject to change)
Anticipated Monthly HOA Fee: ~$250-$300 (subject to change)
—
Developers: Community Development Partners & Self Enhancement, Inc.
Community Land Trust: Proud Ground
Architect: Scott Edwards Architecture
Contractor: Owen Gabbert LLC
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 Portland Housing Center. If this is you, and you’re interested in purchasing a home, please contact your Portland Housing Center 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 the policy’s webpage or email phbinfo@portlandoregon.gov.
