Silvey Appointed as Board Member of Proud Ground
Lane Powell Shareholder Mike Silvey was recently appointed to the board of Proud Ground (formerly known as Portland Community Land Trust), a nonprofit fee housing and development organization. Proud Ground and Clackamas Community Land Trust (“CCLT”) recently integrated their operations. Silvey represented CCLT in the integration of the two organizations. Silvey was also one of the founding Board Members of CCLT, which, like Proud Ground, was formed in 1999. The combined organizations have developed more than 250 homes, which are sold to low-income families. Proud Ground continues to own the underlying land and leases the land to the homeowner on a long-term ground lease, thereby taking the land cost out of the purchase of the home. For more information about Proud Ground, visit their website.