August 13, 2023

School districts biulding homes for their teachers

 Axios -  In a desperate effort to combat a chronic teacher shortage and a housing affordability crunch, school districts across the country are getting into a new industry: homebuilding. Since 2017, the average American home price has risen 40%, per the nonprofit National Council on Teacher Quality. But starting teacher salaries have only risen 15%, Axios' Emma Hurt writes. Districts across the country with affordability problems are betting on various models of constructing housing with below-market rents, often leveraging tax-free, district-owned land.

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