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Faculty Housing Attracts Investor Interest

By Net Assets posted 10 days ago


(from TechCrunch) Landed, a licensed real estate brokerage that helps educators buy homes by providing them wth downpayment assistance, has raised $7.5 million in funding to offers its services in more cities. The company now works in the San Francisco Bay Area, Denver and Seattle, all of which have low housing stocks and high housing costs that make it difficult for many schools to attract and retain teachers. (In Berkeley, California, for example, more than half of the school district's employees said they had considered leaving because of the high cost of housing.) Landed helps K-12 teachers get downpayments up to $120,000 in exchange for a cut of the home's appreciated value.

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