Kent School District joins program to help educators buy homes

The Kent School District announced Wednesday its partnership with Landed, a down payment assistance and home-buyer education program aimed at helping public school teachers and staff afford to buy homes.

The program, the district explained, provides half of the down payment on a home, up to $120,000 per family, in exchange for a portion of the change in the value of the home when the home is sold. Any gains from this assistance will be re-invested to support an ever-growing number of educators. Landed’s down payment support will be available to all faculty, administrators and staff who have worked for the district for at least two years.

“As the cost of housing in the Kent area continues to rise, too many of our educators are finding it harder to afford homes in the area,” said Kent School District Superintendent Calvin Watts. “We believe Landed will be a valuable solution to help improve school recruitment and retention by providing educators with a new option to help make home ownership more accessible.”

Since its founding in 2015, Landed said it has helped more than 150 educators purchase homes in the San Francisco Bay Area, Los Angeles, Denver and Seattle. Landed launched in the Seattle area with Bellevue School District last October, and six Seattle area educators have already successfully purchased homes through the program.

Learn more at Landed.com.




Talk to us

Please share your story tips by emailing editor@kentreporter.com.

To share your opinion for publication, submit a letter through our website https://www.kentreporter.com/submit-letter/. Include your name, address and daytime phone number. (We’ll only publish your name and hometown.) Please keep letters to 300 words or less.

More in Business

Dowell Co. closing after 55 years

‘An icon of Kent’

City of Kent to add large, outdoor warehousing activities to B&O tax

Extension will increase revenue by about $2.1M per year

Drone footage shows partial demolition of the Gateway Movies 8 theater along S. 317th Street in Federal Way on Sept. 13. Photo courtesy of Bruce Honda
Show is over for Federal Way’s Gateway Movies 8 theater

Demolition of building makes room for incoming Sound Transit Federal Way Link Extension.

Pacific Propeller in Kent pays $66,300 EPA penalty

Company failed to report hazardous chemical storage

City of Kent awards grants of $6,500 to 300-plus small businesses

$2.1 million from federal CARES Act funds to combat COVID-19 impact

Facebook purchases unused Bellevue REI headquarters

The companies will also each donate $1 million to the Eastrail

Business stays strong at Nana’s Southern Kitchen in Kent

New restaurant survives economic challenges

595 employees to lose jobs with closure of Kent aerospace company

Carlisle Interconnect Technologies impacted by decline in air travel

REI CEO Eric Artz.
REI still leaving Kent headquarters but not for Bellevue | Update

Company confirms Kent closure; to focus on remote work

Most Read