In some of the nation’s hottest real estate markets, school districts are trying new tactics to help employees cover the spiraling costs of renting or buying a home.
The Denver district, for example, is teaming up with a lending company to help teachers, principals, custodians, and others who work in schools put down as much as half the down payment on a home.
In Florida’s Miami-Dade County, the school district and the county are floating a proposal to build apartments—with first preference for teachers but spots for others who work in the district—on the campus of a brand-new middle school.
The U.S. Department of Education is releasing new data today detailing the impact of potential cuts to school districts serving high concentrations of Black and Hispanic students as a result of proposed legislation in the U.S. House of Representatives to reauthorize the Elementary and Secondary Education Act (ESEA). The data show that the House Republicans’ proposal would provide the largest 33 school districts with high concentrations of Black and Hispanic students over $3 billion less in federal funding than the President’s budget over six years. The cuts in education spending would be the result of locking funding at sequestration levels and allowing states to divert money from schools serving vulnerable student populations to wealthier districts.
“The partisan proposal in the House flies in the face of what ESEA was created to do—give every child an equal opportunity to be successful. This bill is bad for children and would turn back the clock on progress. At exactly the time we should be expanding opportunity for America’s students and helping schools recover from the recession, this bill would allow unconscionable funding cuts. Our teachers and students deserve better,” said U.S. Secretary of Education Arne Duncan.