Thistle & Nest

Thistle & Nest is a United States nonprofit organization focused on providing attainable housing solutions for low- to moderate-income households in Central Oregon. The organization utilizes a land trust model to ensure long-term affordable housing options for the local workforce.

Mission

Thistle & Nest aims to address the affordable housing shortage in Oregon by offering stable housing and equity-building opportunities for first-time and returning homebuyers. It seeks to create a symbiotic relationship between the community and the local workforce, recognizing the latter as the backbone of a thriving society.

Services

The organization offers several key services:

• Purchase Opportunities: Thistle & Nest acquires land, partners with local developers, and facilitates the purchase of affordable homes for qualified households.
• Pre-Purchase Support: They provide homebuyer education, down payment assistance, and guidance on navigating the lending process.
• Post-Purchase Stewardship: After a home is sold, Thistle & Nest acts as the landlord for the land, assisting buyers with community resources and future resale processes.

Housing Model

Thistle & Nest uses a land trust model where the organization owns the land on which homes are built. Buyers purchase the dwelling itself and lease the land from Thistle & Nest for a modest monthly fee. This model includes a deed restriction on resale, ensuring that homes remain affordable for subsequent buyers, thereby maintaining a stable housing environment.

Impact

As of recent reports, Thistle & Nest has approximately 460 homes in development, showcasing significant progress in addressing Central Oregon's housing needs. The organization has received notable funding to support its initiatives, reflecting its growing role in local housing solutions.

Governance

Thistle & Nest is recognized under the EIN 92-2694655. It operates as a nonprofit organization committed to fostering affordable housing and community stability in Central Oregon.