Berkeley City College Becomes First College in East Bay to Launch Landed;
Program Already Helping Bay Area K-12 School Employees Buy Homes
Berkeley, CA – Today, Berkeley City College (BCC) announced it has become the first institution of higher education in the East Bay to launch with Landed, a down payment assistance and homebuyer education program aimed at helping educators and school employees afford to buy homes.
The program provides half of the down payment on a home, up to $120,000 per family, in exchange for a portion of the change in the value of the home when the home is sold. Any gains from this assistance are re-invested to support an ever-growing number of educators and essential professionals. Landed’s down payment support will be available to all faculty, staff, and administrators who have worked for Berkeley City College, or another qualifying educational institution, for at least two years.
“As the cost of housing in the Bay Area continues to rise, too many of our employees are finding it harder to afford homes and stay in the area,” said Berkeley City College President Rowena Tomaneng. “We believe Landed will be a valuable solution to help improve our recruitment and retention by making homeownership more accessible, and we’re encouraged by the success that the program is already having for K-12 schools across Alameda County.”
Since its founding in 2015, Landed has helped more than 200 educators purchase homes in the Bay Area, Los Angeles, Denver, and Seattle, including more than 20 educators in Alameda County. The partnership with Berkeley City College is Landed’s first with a higher education institution in the East Bay.
“We are thrilled to partner with Berkeley City College to support faculty and staff. Our early success in partnering with community colleges has been encouraging and we know that the housing need is only growing,” said Landed Director of Partnerships, Ian Magruder.
Interested employees can apply for Landed support beginning Tuesday, September 3, at
landed.com/signup.
Information sessions for faculty and staff to learn more about the program will be held on campus on Wednesday, September 18th. Interested employees can RSVP for the information sessions at: landed.com/events.
About Berkeley City College
BCC students form a thriving college community which mirrors the Bay Area’s ethnic, cultural and socioeconomic diversity. BCC is part of the Peralta Community College District and is located in downtown Berkeley, in one of the world’s great education centers. Student success is always BCC’s first priority. BCC continually adapts programs and services to meet students’ needs making it one of the top transfer institutions to UC Berkeley. (berkeleycitycollege.edu)
About Landed
Landed is a San Francisco-based mission-driven startup helping essential professionals build financial security. Landed partners with public colleges, school districts, and community organizations to provide down payment support to educators. (landed.com)