Financial aid, but for teachers

No place like home: Landed, a startup that helps teachers buy houses, raises $7.5m.

April 8, 2019

A CA-based startup called Landed that helps teachers buy houses has raised $7.5m, TechCrunch reports.

Landed, whose mission is to help educators “build financial security near the communities they serve,” provides down-payment funding, financial coaching, and regional support to teachers and their families.

Sherlock homes to the rescue 

The Landed program, which has no income qualification restrictions, offers up to $120k in assistance to the many educators who struggle with unsustainable living costs and absurd commutes — yet often don’t qualify for subsidized housing.

In return, Landing takes a 25% cut of the home’s value gain (or loss).

This year, Landed-subsidized down payments have saved over 100 educators in expensive areas of CA, CO, and WA from being left in the (chalk)dust. The company plans to use the recent funding to continue expanding its K-12 and college/university support to new cities.

Teachers have been walkin’ it out

The aid comes on the heels of a slew of teacher walkouts over stagnant salaries and ever-rising housing prices. Growing demands for increased federal funding and a few creative solutions like educator villages are promising signs, but progress has been slow.

The pressure is particularly on in places like the SF Bay Area, where the tech boom has led to an acute shortage of affordable homes.

But Landed co-founder Alex Lofton claims the company is ready to tackle the challenge. “[IPOs] will affect us, but it won’t end our mission,” he told TechCrunch.

Join 1.5m+ professionals getting The Hustle daily news brief

Business and tech news in 5 minutes or less

100% free, no ads or spam, unsubscribe anytime


How'd Bezos build a billion dollar empire?

In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year.

Data shows where markets are headed.

And that’s why we built Trends — to show you up-and-coming market opportunities about to explode. Interested?

Join us, it's free.

Look, you came to this site because you saw something cool. But here’s the deal. This site is actually a daily email that covers the important news in business, tech, and culture.

So, if you like what you’re reading, give the email a try.

If you don’t like it, unsubscribe any time. Privacy policy.