WASHINGTON (ABC7) — Mayor Bowser launched a new homebuyer program with Landed, a financial services organization, on Wednesday morning that will reportedly help DC educators buy a home.
According to the office of Mayor Bowser, Landed provides down payment assistance towards a home through its shared equity down payment program. The down payment program provides up to $120,000 to help educators get to a 20% down payment, with no income restrictions.
The program is specifically designed for DC public school teachers and staff. It also provides a personalized team that includes a partner agent and a Landed home buying expert.
Mayor Bowser’s goal of achieving 36,000 units by 2025 also includes creating more pathways to homeownership,” said Interim Deputy Mayor for Planning and Economic Development John J. Falcicchio.
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Mayor Bowser also announced that based on the results of the National Assessment of Educational Progress (NAEP), the District is the fastest improving state in the nation and DC Public Schools (DCPS) is the fastest improving urban school district in the nation.
We became and remained the fastest improving state in the nation by investing in our educators and by making our public schools a top priority citywide. Today, in launching this new tool that will help our educators live in the city they serve, we keep those investments and that commitment going.
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Watch the full announcement below.