Lane County, Oregon is among the nation's least affordable real estate markets. The gap between income and home prices would seem to make home ownership for income-restricted households nearly impossible. NEDCO has been addressing the local affordability issue by continuing to develop and sell safe, decent, and affordable homes to individuals and families.

Lease/Purchase
NEDCO makes most of its homes available through a lease/purchase program. The program participants can lease and occupy a NEDCO-built home while continuing to prepare for the purchase of that home. Households have a maximum of three years to get ready to purchase their home; many households are ready sooner. At the time of purchase, the occupant household either assumes NEDCO's existing loan or takes out a new loan.

Participation in the Threshold Program is a requirement for NEDCO's Lease / Purchase Program.

Outright Purchase
Sometimes low-income households are qualified to purchase a home without entering the Lease / Purchase Program. In this case, NEDCO can make an "outright sale" to the homebuyers.

Please contact the Home Ownership Counselor for information on NEDCO homes that are currently for sale.