A planned development next to Silver Rail Elementary School will offer affordable homeownership for qualifying BLPS employees
The development, which neighbors Silver Rail Elementary School in east Bend, is set to be completed in 2027.
“Challenges with housing affordability make it difficult for many of our employees to live in the community where they work, and that affects our ability to retain staff,” said BLPS Superintendent Steven Cook. “This project is a unique and exciting opportunity to work with a trusted community partner to help some of our employees afford the cost of a starter home.”
Eight of 18 homes will have employer-based deed restrictions, meaning, upon resale, they would be reserved only for BLPS employees through the 99-year-life of this agreement.
Employees who have incomes below 80% of the Area Median Income will have the first purchase opportunity, followed by employees with incomes below 120% of the AMI.
“This partnership with Bend-La Pine Schools represents a groundbreaking approach to meeting our community’s growing demand for stable homeownership opportunities,” Bend-Redmond Habitat CEO Carly Colgan wrote in a press release. “By recognizing the need to support their employees with affordable homeownership, BLS is leading the way in building a resilient and sustainable community. Together, we’re not only providing homes but creating pathways to long-term stability and growth for local families.”
Originally Published Here: https://www.bendsource.com/news/a-partnership-helping-house-bend-la-pine-school-staff-22183508