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Colorado teacher home loan program puts school fund money at risk in foreclosures
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Colorado Accountability Project, Approved, Commentary, State

Colorado teacher home loan program puts school fund money at risk in foreclosures

By Cory Gaines | Commentary, Colorado Accountability Project I wrote earlier in the week about Impact Development and taxpayer-subsidized mortgages. That newsletter is linked first below if you’re interested.I have an update of sorts to share. It’s not so much the program I outlined earlier, more a related program run out of Colorado Housing and Finance Authority (CHFA).The program is called the Schools to Home Program. The CHFA website for this program is linked second below. I’ll run through the details and a quick example here, but as I do, I do not want you to lose track of something.Hidden in all of the graphics and words are the following: public money is given out on loan to the people who are in the program, and they get generous terms on their loans that others woul...
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Colorado Teachers Priced Out of Their Communities
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State, Approved, CBS Colorado

Colorado Teachers Priced Out of Their Communities

By Tori Mason | CBS Colorado A new survey of more than 3,200 educators in Colorado says the housing crisis is pushing teachers out of their communities, and in some cases, out of the profession. The Keystone Policy Center's report, We Can't Live Where We Teach: Teacher Perspectives, finds that more than half of educators are spending well above the recommended share of their income on housing, with some paying more than 40%. Nearly 6 in 10 say they would be interested in district-provided affordable housing, and 70% would be comfortable with their school district as their landlord. "Colorado's ability to deliver quality education depends on having committed, effective teachers in every classroom," said Van Schoales, senior policy director at the Keystone Policy Center. "This repor...
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