Always Providing You With Ongoing Information

Posts tagged ‘Teachers’

Chan Zuckerberg’s Initiative For Home Down Payments For Teachers

Snapshot_142

The $45 billion Chan Zuckerberg Initiative is putting $5 million into a fund called  Landed,  that offers to pay up to half of the 20% home down payment for educators with zero interest or monthly payments. Instead, Landed recoups its investment when the home is sold or refinanced, assuming up to 25% of the appreciation or depreciation of the home’s value.

The goal is to allow more teachers, administrators, janitors, and more to live near their jobs at Palto Alto California, Redwood City, Ravenswood City, and Sequoia Union high schools, where Silicon Valley’s tech boom has made home prices too expensive to purchase.

Advertisements

Tag Cloud

%d bloggers like this: