How a New Program Is Getting Teachers Into Homes
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Deezer Colorado’s teachers and public school employees are being priced out of the communities they serve, and that’s affecting students and schools. A Keystone Policy Institute survey of more than 3,000 Colorado educators and public school employees found that many spend over 40 percent of their income on housing. A new statewide program could help. The CHFA Schools To Home program offers down payment assistance to public school employees, opening a new pathway into homeownership for educators, and a new tool to combat teacher shortages and high turnover.
Colorado State Senator Lisa Frizell shares more about how the CHFA Schools To Home model works, and why the unique structure is well suited for Colorado educators. Angie McPhaul of Gary Community Ventures says a statewide solution is needed, and that living close to school helps teachers build lasting connections with students and stay in the classroom.
Resources from this episode:
- Keystone Policy Institute: Teacher Perspectives on Housing Affordability
- CHFA Schools To Home
- Gary Community Ventures
By accessing this podcast, I acknowledge that: views and opinions expressed in this podcast do not necessarily reflect those of Colorado Housing and Finance Authority (CHFA) and that this podcast is for informational purposes only and not legal, financial or other advice. CHFA does not warrant or represent the accuracy, currency, or suitability of the information provided and reference to any specific product or entity does not necessarily constitute CHFA’s endorsement or recommendation of it. The podcast may not be reproduced or redistributed without CHFA’s prior written consent and may be subject to the respective terms and policies of CHFA and the podcast hosting provider(s). CHFA is an Equal Opportunity Lender. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin. For more information about CHFA, nondiscrimination, and other legal notices please visit chfainfo.com.