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The Chan Zuckerberg Initiative just invested $5 million in a startup that helps teachers buy homes

Mark Zuckerberg and Priscilla Chan’s $45 billion project, the Chan Zuckerberg Initiative, has invested $5 million in the Y Combinator startup Landed. The company helps educators buy property by fronting up to half of a home’s down payment.  What Landed offers is not exactly a loan—there are no monthly fees or interest. Instead, Landed makes … Continue reading “The Chan Zuckerberg Initiative just invested $5 million in a startup that helps teachers buy homes”

Mark Zuckerberg and Priscilla Chan’s $45 billion project, the Chan Zuckerberg Initiative, has invested $5 million in the Y Combinator startup Landed. The company helps educators buy property by fronting up to half of a home’s down payment. 

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What Landed offers is not exactly a loan—there are no monthly fees or interest. Instead, Landed makes money when the house is sold or refinanced and owners share up to 25% of the appreciation or depreciation. Check out more about the deal here.

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About the author

Cale is a Brooklyn-based reporter. He writes about many things.

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