Could Newark’s subsidized housing scheme for teachers become a national model?

Discounted housing units reserved for teachers is being heralded as a new model for schools and city development

New York Weekend Edition /
Jun.June 10, 2018 10:00 AM

Newark (Credit from back: Payton Chung, Pixabay)

Newark’s Teachers Village is offering lessons to places struggling with teacher retention.

The teachers, who make up 70 percent of the Jersey project’s residents and pay rents between 7 to 15 percent lower than market rate, seem to be liking their brand new homes in the center of the city because their salaries go further and the commute to work is only a few minutes’ walk, as Forbes reports.

The complex, which was designed in part by architect Richard Meier who is on a leave of absence since allegations of sexual harassment came to light earlier this year, includes three public charter schools and one early childhood learning center. And now developer RBH Group is reportedly working on similar projects in Hartford and Chicago.

“Teachers Village was an attempt to recruit and retain teachers by providing them a place to live near where they work,” said RBH’s vice president Linda Morgan  to Forbes.

The benefits aren’t just for teachers; businesses who are moving into the project’s retail spaces are enjoying the foot traffic, not only from off-hours teachers, but also from students who wander in for lunches or after-school visits.

Teachers Village is part of the ongoing so-called revitalization of Newark, which, as The Real Deal reported, has been in the works for more than a decade. [Forbes]Erin Hudson

 

Related Articles

arrow_forward_ios
A rendering of 165 Broome Street (Credit: Handel Architects)
Nonprofit plans affordable housing development near Essex Crossing
Nonprofit plans affordable housing development near Essex Crossing
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
A closer look at Compass’ trail of litigation over its business tactics
A closer look at Compass’ trail of litigation over its business tactics
A closer look at Compass’ trail of litigation over its business tactics
The State Building and Construction Trades Council president Robbie Hunter (CA Building Trades, iStock)
California could require union labor on all affordable housing projects
California could require union labor on all affordable housing projects
Salesforce CEO Marc Benioff and Amazon's Jeff Bezos are backing the startup (Getty, Arrived)
Bezos-backed Arrived Homes is latest startup to expand real estate investment
Bezos-backed Arrived Homes is latest startup to expand real estate investment
Orchard's Patrick McClymont and HomeLight's Sean Aggarwal (Photos via IMAX, The Org)
Orchard, HomeLight move toward IPOs with new execs
Orchard, HomeLight move toward IPOs with new execs
Renderings of The Eliza Apartments at the Redeveloped Inwood Library (New York Housing Conference)
Inwood affordable housing project moves forward after rezoning fight
Inwood affordable housing project moves forward after rezoning fight
Sara Gore (right) and Ryan Serhant (Getty)
“Open House” host Sara Gore joins Ryan Serhant’s brokerage
“Open House” host Sara Gore joins Ryan Serhant’s brokerage
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...