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  • 06.14.17

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 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.CGW