- West Contra Costa Unified School District
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District Hosts First Employee Housing Fair, Introduces Partnership with Landed
The West Contra Costa Unified School District hosted its first Employee Housing Fair on April 16 and announced a partnership that will help employees buy homes.
In an effort to recruit and retain teachers committed to the communities they serve, the District and Landed, a San Francisco-based startup that helps school district employees buy homes, announced the launch of a down payment assistance program to support its employees.
More than 100 employees attended the fair that also featured the Richmond Community Foundation, SparkPoint Contra Costa, CalHFA, Richmond Neighborhood Housing Services, the City of Richmond, Assembly member Tony Thurmond's office and Congressman Mark DeSalunier's office. The other partner orgranizations were on hand to offer a one-stop shop for employees to explore all the home buying programs available to them.
Landed's program provides half of the down payment on a home, up to $120,000 per household, in exchange for a portion of the gain or loss in the value of the home when the home is sold. The goal is that any gains from this assistance will be re-invested to support an ever-growing number of school employees. Landed's down payment support is available to all teachers, administrators, and staff who work for WCCUSD and commit to staying for at least two years and who can contribute their own 10 percent down payment.
"This is just one of the innovative opportunities we have worked on to assist our teachers to stay in our communities and continue to help our students thrive," WCCUSD Superintendent Matthew Duffy said. "West County, and particularly Richmond, is one of the few places in the Bay Area where home buying is still relatively affordable. Now with Landed, we can help make the home-buying process a little easier for our employees and encourage them to stay in our district."
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