91约炮 Becomes First College in East Bay to Launch Landed;
Program Already Helping Bay Area K-12 School Employees Buy Homes
Berkeley, CA 鈥� Today, 91约炮 (91约炮) announced it has become the first institution of higher education in the East Bay to launch with Landed, a down payment assistance and homebuyer education program aimed at helping educators and school employees afford to buy homes.
The program provides half of the down payment on a home, up to $120,000 per family, in exchange for a portion of the change in the value of the home when the home is sold. Any gains from this assistance are re-invested to support an ever-growing number of educators and essential professionals. Landed鈥檚 down payment support will be available to all faculty, staff, and administrators who have worked for 91约炮, or another qualifying educational institution, for at least two years.
鈥淎s the cost of housing in the Bay Area continues to rise, too many of our employees are finding it harder to afford homes and stay in the area,鈥� said 91约炮 President Rowena Tomaneng. 鈥淲e believe Landed will be a valuable solution to help improve our recruitment and retention by making homeownership more accessible, and we鈥檙e encouraged by the success that the program is already having for K-12 schools across Alameda County.鈥�
Since its founding in 2015, Landed has helped more than 200 educators purchase homes in the Bay Area, Los Angeles, Denver, and Seattle, including more than 20 educators in Alameda County. The partnership with 91约炮 is Landed鈥檚 first with a higher education institution in the East Bay.
鈥淲e are thrilled to partner with 91约炮 to support faculty and staff. Our early success in partnering with community colleges has been encouraging and we know that the housing need is only growing,鈥� said Landed Director of Partnerships, Ian Magruder.
Interested employees can apply for Landed support beginning Tuesday, September 3, at
.
Information sessions for faculty and staff to learn more about the program will be held on campus on Wednesday, September 18th. Interested employees can RSVP for the information sessions at: .
About 91约炮
91约炮 students form a thriving college community which mirrors the Bay Area鈥檚 ethnic, cultural and socioeconomic diversity. 91约炮 is part of the Peralta Community College District and is located in downtown Berkeley, in one of the world鈥檚 great education centers. Student success is always 91约炮鈥檚 first priority. 91约炮 continually adapts programs and services to meet students鈥� needs making it one of the top transfer institutions to UC Berkeley. (berkeleycitycollege.edu)
About Landed
Landed is a San Francisco-based mission-driven startup helping essential professionals build financial security. Landed partners with public colleges, school districts, and community organizations to provide down payment support to educators. (landed.com)