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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:
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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.
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Eligible teachers have access to this program beginning March 1, 2007.
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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.
Interested teachers should first call Deanna Hawkins, Springfield Public Schools Human Resources, 523-0003 to see if they qualify for this program.
Click on the logo below for a fact sheet of the program.
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