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

TRD New York TRD 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
394 Vanderbilt Avenue (Douglas Elliman)

As weather heats up, Brooklyn luxury market doesn’t

As weather heats up, Brooklyn luxury market doesn’t
The threat of eviction hangs heavily above immigrant families who have lost work as a result of the coronavirus pandemic. (Getty)

Eviction bans don’t always protect the most vulnerable

Eviction bans don’t always protect the most vulnerable
President Donald Trump (Getty, iStock)

Trump tweets that he “may END” Obama-era fair housing regulation

Trump tweets that he “may END” Obama-era fair housing regulation
City Council member Vanessa Gibson, Speaker Corey Johnson and City Council member Brad Lander (Getty)

Why the City Council abandoned affordable housing

Why the City Council abandoned affordable housing
Seth Campbell (iStock)

Keller Williams to cut ties with top franchise owner following sexual harassment allegations

Keller Williams to cut ties with top franchise owner following sexual harassment allegations
Ghost Towers

NYC’s ghost towers: How many Manhattan luxury condos are owned by people who don’t live there?

NYC’s ghost towers: How many Manhattan luxury condos are owned by people who don’t live there?
arrow_forward_ios

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

Loading...