Applications will be available starting Tuesday, March 17!
Twenty Fifth Terrace is located in the well-established Markham neighborhood of SW Portland. It has a suburban feel despite its density and proximity to downtown Portland and is close to several parks. It has easy access to Interstate 5 and Pacific Hwy and is a 10-minute walk to public transit.
The Markham neighborhood has a mix of home styles and architecture, including single-family homes, condominiums, and duplexes. There are two major grocery stores within 1.5 miles of Twenty Fifth Terrace along with many restaurants and stores along the major thoroughfare Pacific Highway. Enjoy all the benefits of a close-knit neighborhood while maintaining easy access to all Portland has to offer!
All of the homes at Twenty Fifth Terrace will be designed for lasting affordability. This allows homeowners to continue building equity in their homes, while ensuring that the homes are affordable to the next buyers.
Unit Mix
17 homes total with 5 different floor plans
- 1 home will be 5 bedrooms
- 8 homes will be 4 bedrooms
- 8 homes will be 3 bedrooms
Financial information
Fern Loan Program Eligibility for Twenty Fifth Terrace
All homes in the Twenty Fifth Terrace neighborhood are designated for buyers who qualify for Habitat’s Fern Loan Program. Under this program, buyers must demonstrate that they can afford the home’s full affordable purchase price with a resulting monthly housing payment that is at or below 34% of gross monthly income.
Habitat partners with lenders to provide below-market interest rate mortgages, which significantly lowers monthly payments.
Buyers may also qualify with a lower income if they have access to down payment assistance, grants or subsidies from partner organizations, or personal savings. These additional resources reduce the loan amount and make the home affordable for buyers below the typical income threshold.
To help us confirm eligibility, applicants will need to show documentation that any down payment funds or down payment assistance they plan to use is already secured at the time of application.
This neighborhood will have a minimum income requirement of 60% AMI for all buyers. Some homes will have a minimum income requirement of 80% AMI. Minimum and maximum household AMI can be found in the listings under “Homes Available.”
Please see the minimum income requirements below for each home size:
| AMI range | Home size | Homes available | Minimum income |
|---|---|---|---|
| 60-80% | 3 bedroom | 5 | $69,167 |
| 60-80% | 4 bedroom | 5 | $74,216 |
| 60-80% | 5 bedroom | 1 | $78,674 |
| 80-100% | 3 bedroom | 3 | $92,647 |
| 80-100% | 4 bedroom | 3 | $98,179 |
Homes Available
3 Bedroom, 1 Bath (1-story, ADA-ready)
3 Bedroom, 2 Bath (2-story with daylight basement)
3 Bedroom, 1.5 Bath (2-story)
4 Bedroom, 2 Bath (2-story with daylight basement)
5 Bedroom, 3 Bath (2-story)
Features
- Earth Advantage Platinum energy efficiency certification on all units
- Single car garages in all units
- Within walking distance to transit, shopping, grocery stores and parks
At a Glance
Schools
- Capitol Hill Elementary School, grades K-5
- Jackson Middle School, grades 6-8
- Ida B Wells High School, grades 9-12
Transportation
- Bus #12, #43 & #39
Nearby
- Marshall Park and Spring Hill Garden Park
- I-5 access & Pacific Highway