A San Francisco-based startup wants to help teachers in both Everett and Mukilteo buy their own homes.
The Everett Herald reports the program called Learned would chip in up to $120,000 for half the down payment for teachers and employees in the two districts. In return, participants would then share in any future profit or losses.
“We are a true co-partner, we share on both sides — gains or loss,” said Ian Magruder, head of partnerships at Landed, told the Herald.
The program is also being viewed as a way to recruit and retain staff as housing costs drastically increase across the country. Landed started offering similar assistance to Bellevue School District employees last October (where Landed co-founder Alex Lofton attended school as a child).
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