Springfield Teacher on the Block...
                                 

The Urban Neighborhoods Alliance-Springfield Teacher on the Block program is one component of the Freddie Mac’s Workforce Home Benefit Initiative.  The details of the program are:

  • Teachers in the Title 1 center city schools are eligible for up to $3,000 as a forgivable loan for down payment and closing cost assistance provided they purchase the home in the middle school attendance zone in which they teach.
  • Eligible teachers have access to this program beginning March 1, 2007.
  • There are 21 elementary and four middle schools eligible for this program, defined by schools with a minimum of 35% students who qualify for free and reduced lunches.  The eligible schools are:  Bingham, Bissett, Bowerman, Boyd, Campbell, Cowden, Delaware, Fremont, Holland, McGregor, Pittman, Portland, Robberson, Sunshine, Mark Twain, Watkins, Weaver, Weller, Westport, Williams, York, Jarrett, Pipkin, Reed & Study.
  • Teachers must agree to service for a period of no less than three years or will be subject to prorated loan repayment.
  • Participating lenders for this initiative are Empire Bank and Great Southern Bank.

Click on the logo below for a fact sheet of the program.