Create teacher housing partnership with loan program up to $50,000
In Plain English
The city and school district are exploring a partnership to help teachers buy homes in Richmond. The program would offer first-time homebuyers loans worth 10% of purchase price up to $50,000 with no interest. If approved, teachers who stay 5 years get 20% of their loan forgiven each year until fully forgiven.
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Votes
Motion · Official minutes
Extended the meeting until 11:30 p.m.
Comment records
5 comment records available here. 5 recorded as spoken. One person can appear in several records; this is not a count of residents or a measure of public opinion.
Related agenda records
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City of Richmond/WCCUSD Teacher Housing Partnership Concepts
Contra Costa County HOME Investment Partnership Program Consortium Agreement
Workforce housing program research
Joint use agreement with West Contra Costa Unified School District
Enhanced partnership with West Contra Costa Unified School District