Oakland launches 1st-of-its-kind affordable housing project for teachers thanks to nonprofit
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Oakland launches 1st-of-its-kind affordable housing project for teachers thanks to nonprofit
"I am a special education teacher at Emerson Elementary. Go Cheetahs! I have been here now for my third year, and I don't plan on going anywhere anytime soon. This building was bought to serve as teacher housing."
"Historically, this is a time when outside investors have swooped in, tried to take advantage of the market, and leave when it gets hard again. The Oakland Fund purchased the building through its Rooted educator housing program."
"This is an example of Oakland, once again, leading the way. This is a national model. Affordable housing is also about creating stable communities."
Oakland has initiated a pioneering teacher housing project, the first of its kind in the U.S., to help educators live in the communities they serve. The Idora Building, purchased by The Oakland Fund for $12.6 million, will provide affordable housing for teachers, addressing the issue of retention as 70% of teachers in the Oakland Unified School District cannot afford to live in the area. This initiative is seen as a potential national model for similar projects across the country.
Read at ABC7 San Francisco
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