LOCAL NEWS

Bay Area startup looks to help Snohomish County teachers buy homes

Apr 15, 2019, 6:01 AM
Everett teachers homes...
(Everett School District)
(Everett School District)

A San Francisco-based startup wants to help teachers in both Everett and Mukilteo buy their own homes.

RELATED: Cuts possible in 2019 for Everett schools
RELATED: Superintendent asks for patience as districts figure out funding

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).

The company has teamed up with upward of 80 schools across California and Denver.

Teachers and other employees who have been with the Everett or Mukilteo districts for at least two years are eligible for the down payment assistance. Participants are also asked to work in those districts for an additional two years after receiving the down payment.

Landed requires the purchased house to function as a primary home. The company offers financial advice for school district employees looking to buy a home sometime in the future.

Local News

drug...
Frank Sumrall

Federal Way mayor in full support of state bills re-criminalizing drug possession

Multiple bills have flooded the state legislature in an attempt to reclassify possession of a drug — including fentanyl — as a felony offense.
13 hours ago
Bellevue school...
Nicole Jennings

Families rally ahead of Bellevue School District consolidation decision

Parents are rallying in protest as the Bellevue School District considers consolidating elementary schools due to dropping enrollment.
13 hours ago
FILE - A sign is shown on a Google building at their campus in Mountain View, Calif., Sept. 24, 201...
Associated Press

Google hopes ‘Bard’ will outsmart ChatGPT, Microsoft in AI

Google is girding for a battle of wits in the field of artificial intelligence with “Bard," a conversational service apparently aimed at countering the popularity of the ChatGPT tool backed by Microsoft.
13 hours ago
paramedic...
L.B. Gilbert

East Pierce County Fire starts advanced paramedic emergency program

A new Medical Service Officer program is ready to jump in when there are life-threatening emergencies in Pierce County.
13 hours ago
power...
L.B. Gilbert

Crash into utility pole cuts power, 911 service to Kent neighborhood

A Kent neighborhood is in the dark Tuesday morning after a crash into a utility pole cut power.
13 hours ago
crime...
L.B. Gilbert

SPD releases 2022 crime report; homicides up, vehicle theft at all-time high

Violent crime reached a new high in Seattle, with the release of the Seattle Police Department's (SPD) year-end 2022 crime report.
13 hours ago

Sponsored Articles

safety from crime...

As crime increases, our safety measures must too

It's easy to be accused of fearmongering regarding crime, but Seattle residents might have good reason to be concerned for their safety.
Comcast Ready for Business Fund...
Ilona Lohrey | President and CEO, GSBA

GSBA is closing the disparity gap with Ready for Business Fund

GSBA, Comcast, and other partners are working to address disparities in access to financial resources with the Ready for Business fund.
SHIBA WA...

Medicare open enrollment is here and SHIBA can help!

The SHIBA program – part of the Office of the Insurance Commissioner – is ready to help with your Medicare open enrollment decisions.
Lake Washington Windows...

Choosing Best Windows for Your Home

Lake Washington Windows and Doors is a local window dealer offering the exclusive Leak Armor installation.
Anacortes Christmas Tree...

Come one, come all! Food, Drink, and Coastal Christmas – Anacortes has it all!

Come celebrate Anacortes’ 11th annual Bier on the Pier! Bier on the Pier takes place on October 7th and 8th and features local ciders, food trucks and live music - not to mention the beautiful views of the Guemes Channel and backdrop of downtown Anacortes.
Swedish Cyberknife Treatment...

The revolutionary treatment of Swedish CyberKnife provides better quality of life for majority of patients

There are a wide variety of treatments options available for men with prostate cancer. One of the most technologically advanced treatment options in the Pacific Northwest is Stereotactic Body Radiation Therapy using the CyberKnife platform at Swedish Medical Center.
Bay Area startup looks to help Snohomish County teachers buy homes