Last year, the Denver Post revealed that the Mile High City is one of the least affordable housing markets if you're an educator.
Much of this is due to the fact that educators in Colorado have seen their wages seriously decline over the past several years. This is a disgrace and disappointment, and it must change. It's especially surprising for such a beautiful state that has made tremendous progress in many, many other ways.
Another reason Denver is so unaffordable for educators is because the cost to access long-term housing options, by buying a home, is increasingly out of reach for anyone. What's required to put in for a 20% down payment on a home in the City and County of Denver is creeping past $100,000, an amount to which few families have access.
This is why, in partnership with Ben and Lucy Ana Walton's Zoma Foundation which invested $5M to support educator homeownership, Landed down payment support is now available to all employees of Denver Public Schools.
We are building on an initial pilot in partnership with DSST Public Schools.
If it wasn't for a wide community of school partners, civic activists and community groups, and for the initial stewardship of Tony Lewis and the Donnell Kay Foundation, there's absolutely no way we'd be able to announce our work with the single biggest school district Landed has partnered with to date. Not to mention, the first partnership with a district outside of California!
We're hoping this is just the beginning of what Landed can offer the warm and friendly people of the great Centennial State.
If you want to learn more about our efforts to support educators in Denver, please don't hesitate to drop us a line: [email protected]