It can be difficult to buy a home on a teacher’s salary, but this year the city of Detroit made it a little easier for educators to find affordable housing. Recently, Mayor Mike Duggan announced that local educators can now take advantage of a program which grants steep discounts to city employees who buy homes through the Detroit Land Bank housing auction.
Teachers working in Detroit Public Schools aren’t the only ones who are eligible for housing discounts; educators at local charter schools and private schools can apply for the program’s 50 percent discount as well. Detroit city officials hope that a housing discount for educators will not only benefit teachers financially, but also encourage them to live in the same communities they work in.
“It allows us to go back to an age when our teachers were directly linked to our schools and the community, which builds a better relationship with our students, said DPSCD Superintendent Nikolai Vitti in an interview.
Detroit has struggled to fill teaching vacancies in recent years, and a 50 percent housing discount could make schools in the city far more attractive to educators who are looking for new job opportunities. Under the terms of the agreement, the discount is applied after an employee makes a winning bid on a home purchased through the housing auction. They must also own the home for at least three years to keep the discount.
Interested in learning more about the opportunities afforded by the Detroit Land Bank housing auction? You can visit the organization’s website here.