Another Zuckerberg Scam Privatizers & Pro-Charter WCCUSD Superintendent Duffy In Alliance

WCCUSD superintendent Matt Duffy (left) shakes hands with Assemblyman Tony Thurmond, D-Richmond. (Photo credit: WCCUSD)


Another Zuckerberg Scam

Privatizers And Pro-Charter WCCUSD Superintendent Duffy In Alliance With Demo Thurmond Pushing Scam Down-Payment Assistance Program with hedge fund start up

WCCUSD aims to retain teachers with home down-payment assistance program

Founded in 2015, Landed has been assisting educators purchase homes in several Bay Area cities, having received a $5 million investment from the Chan Zuckerberg Initiative assist three public school districts on the Peninsula, according to WCCUSD.

http://richmondstandard.com/2018/04/11/wccusd-aims-to-retain-teachers-with-home-down-payment-assistance-program/

April 11, 2018

Teachers and other staff in the West Contra Costa Unified School District (WCCUSD) now have access to a home down-payment assistance program as part of an effort by the district to recruit and retain educators.

On Monday, April 16, the district plans to officially announce the launch of the new program at the WCCUSD Educator Housing Fair, which runs from 4 p.m. to 6 p.m. at DeJean Middle School, 3400 Macdonald Ave. in Richmond.

The program by San Francisco-based startup Landed provides teachers, administrators, and staff who commit to staying in the district for two years with half of a down payment to purchase a home, up to $120,000 per household. The district staffer would need to come up with the other 10-percent of the minimum down-payment needed to receive a bank loan to purchase the home.

In exchange for its investment, Landed will receive a 25-percent share of the investment gain or loss when the staff member sells the home or buys out the investment. Gains are reinvested to support other school employees’ home purchases, according to Landed.

For a user-friendly guide on how Landed works, go here.

WCCUSD Superintendent Matthew Duffy said the program is just one opportunity the district has worked on to retain teachers. WCCUSD loses about 15 percent of its teaching force each year and has hired over 800 teachers in the last four years, according to the district.

“West County, and particularly Richmond, is one of the few places in the Bay Area where home buying is still relatively affordable,” Duffy said in the statement. “Now with Landed, we can help make the home-buying process a little easier for our employees and encourage them to stay in our district.”

Founded in 2015, Landed has been assisting educators purchase homes in several Bay Area cities, having received a $5 million investment from the Chan Zuckerberg Initiative assist three public school districts on the Peninsula, according to WCCUSD.

Interested educators can apply for Landed support beginning today here.

Carlos Taboada How Landed Works https://www.landed.com/how-it-works. You do the math. To make the example more realistic, try it with a Cost of $500,000. Catch: If the sale price of your home increases due to additional work that you do, Landed says it will "endeavor" to give you credit for the work done. What exactly does endeavor mean? If, however, you do not want to sell your home because you want to keep it in the family. Then you will have to either get a loan to pay for the half of the down payment received from Landed; or you will have to set aside a monthly sum to pay for Landed's loan. Or, you could unite with other teachers and fight for a better salary so you won't have to enter into a home speculating partnership with the Zuckerbergs.
1

Your dream home
Cost: $780,000
2

You need a $156,000 down payment

But that seems nearly impossible!
3

You can partner with Landed to get up to $78,000 today

Remember, there are no monthly payments on this money.
4

We help you find your dream home and contribute to the down payment.

You put in $78,000, Landed puts in $78,000 and the bank provides a $624,000 loan.
5

Your dream home becomes your real home

You pay the costs of ownership but don’t make any monthly payments to Landed.
some time passes, while you live happily in your home
6

Landed makes its return on investment when you sell or buy out the investment

For giving you half of your down payment, you'll share 25% of the investment gain or loss with Landed.

7
A

If your home goes up in value,
both you and Landed win
Sale Price$880,000Gain+$100,000

Landed's share of gain

Landed's down payment

+$25,000

$78,000

Landed Keeps

$103,000

Your share of gain

Your down payment

Your mortgage paid off

+$75,000

$78,000

$132,600

You Keep

$285,600
7
B

If your home goes down in value,
both you and Landed lose
Sale Price$680,000Loss-$100,000

Landed's share of loss

Landed's down payment

-$25,000

$78,000

Landed Keeps

$53,000

Your share of loss

Your down payment

Your mortgage paid off

-$75,000

$78,000

$132,600

You Keep

$135,600

These are estimates only. Contact us for more information.
'Your mortgage paid off' is based on staying in your home for 10 years.

Landed Crooked Start-up
https://www.landed.com/how-it-works


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How Landed Works


1
Your dream home
Cost: $800,000

2
You need a $160,000 down payment
But that seems nearly impossible!


3
You can partner with Landed to get up to $80,000 today
Remember, there are no monthly payments on this money.


4
We help you find your dream home and contribute to the down payment.
You put in $80,000, Landed puts in $80,000 and the bank provides a $640,000loan.


5
Your dream home becomes your real home
You pay the costs of ownership but don’t make any monthly payments to Landed.

some time passes, while you live happily in your home

6
Landed makes its return on investment when you sell or buy out the investment
For giving you half of your down payment, you'll share 25% of the investment gain or loss with Landed.


7
A


If your home goes up in value,
both you and Landed win
Sale Price$900,000Gain+$100,000
Landed's share of gain
Landed's down payment
+$25,000
$80,000
Landed Keeps
$105,000
Your share of gain
Your down payment
Your mortgage paid off
+$75,000
$80,000
$136,000
You Keep
$291,000
7
B


If your home goes down in value,
both you and Landed lose
Sale Price$700,000Loss-$100,000
Landed's share of loss
Landed's down payment
-$25,000
$80,000
Landed Keeps
$55,000
Your share of loss
Your down payment
Your mortgage paid off
-$75,000
$80,000
$136,000
You Keep
$141,000

These are estimates only. Contact us for more information.
'Your mortgage paid off' is based on staying in your home for 10 years.

Start a Landed
Program today
bring Landed to your school
Common Questions
What is my 'mortgage paid off'?
When you buy a home, you will pay down a bit of your mortgage every month and increase the amount of wealth you have in your home. Over a 10 year period, you will build wealth equal to about 20% of your original mortgage amount plus your original down payment.

What if I only want 5% from Landed?
You don't need to get half of your down payment from Landed - many of our customers take less. In those cases, the amount of appreciation (or depreciation) you have to share with Landed is less too! That way, you can make it work for your specific financial situation.

Who is responsible for different costs?
You will be responsible for all the costs of homeownership like any other homeowner. If you fail to maintain your home, you might face penalties and/or default. Similarly, if you upgrade your home, Landed will endeavor to give you credit for the work done.

What if I never sell?
If you don't want to sell, you'll have to repay Landed before the end of the investment term (between 10 and 30 years). Often this happens by taking out a new loan or entering a new Landed partnership. You can do this at any time after the first year without penalty.


phold those who uphold us

At Landed, we're on a mission to help essential professionals build financial security near the communities they serve.
Insurmountable barriers

Many essential professionals, like teachers, struggle to build financial security near where they work.

High land prices prevent them from becoming the long-term residents our communities are dependent on.

Together, there is another way

As a financial coach, we help essential professionals save money faster, even in expensive places.

And when the time comes that they are ready to buy a home, we have some tools to make it a little easier.

Less vulnerability, more wealth

If we want stronger schools and safer communities, we need to uphold those that make it possible.

A house is more than an investment - it’s home. The more of us feel at home, the better off we’ll all be.


Who is Landed?
The company, founded in 2015, has the backing of: Y Combinator, prominent angel and venture capital investors, top banking executives, former directors of federal housing authorities, affordable housing policy experts, union organizers, philanthropists, and Stanford economists.


Alex Lofton
Head of Growth. Co-founder.
Former campaigner.



Jonathan Asmis
CEO. Co-founder.
Former engineer.



Jesse Vaughan
Head of Product. Co-founder.
Former frontier-markets investor.



Jess Zhao
Customer Experience.
Former management consultant.



Jay Plant
Customer Development.
Former campaigner.



Emily Eshman
Customer Experience.
Former school teacher.



Nikki Lowy
Partnerships.
Former school builder.



Ian Magruder
Partnerships.
Former organizer.



Norma Gibson
Business Operations.
Former school teacher.



Kelley Nayo Jahi
Team Operations.
Former realtor.



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