Las Vegas Teachers Get A Helping Hand
With one of the largest school districts in the country, Clark County is always looking for additional teachers. In fact, the district started the school year hundreds of teachers short. One way the city of Las Vegas is helping to attract more teachers is through a new program that helps make housing more affordable for them. The city’s program will assist entry-level teachers with rent or the purchase of a home through down payment assistance of up to $30,000.
The Homeownership for Educators program is funded with redevelopment set-aside money. The Las Vegas City Council approved the pilot program, which was launched to help recruit for the shortfall of teachers. In order to qualify for the program, a teacher must not exceed 80 percent area of the area median income and must live and teach within Las Vegas city limits at a Clark County School District school. Down payment assistance is available for the purchase of a home or teachers can receive financial assistance toward the cost of rent.
Option A – Qualifying teachers may receive financial assistance of up to $30,000 for a mortgage buy-down.
Option B – Qualifying teachers may receive rental assistance of up to $500 per month, with a $6,000 maximum.
More information on the program can be obtained by visiting the program Web page or by calling 229-2330.
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