In May 2019, Passage Home sold its first house. We sold the house at 66% of the market value. We did this to help a family who couldn’t afford to buy a house in Raleigh, stay in the community they love, and build long-term equity.
Passage Home looks to continue this model by rolling over our proceeds from our first sale to build additional homeownership opportunities. We are currently evaluating land in the area.
Land values in the area have appreciated quickly in recent years. If you or anyone you know are looking to impact affordable housing in Wake County, please consider donating property to Passage Home.
Please contact, Seth Friedman, our CEO if you are interested in partnering on a homeownership opportunity.