Keystone Policy Center report: 80% of Colorado teachers can’t afford homes near work – KOAA News 5

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The Keystone Policy Center released a new report that found less than 20% of homes in Colorado are valued at a price that is affordable for teachers earning an average salary.

DENVER – The Keystone Policy Center released a new report that found less than 20% of homes in Colorado are valued at a price that is affordable for teachers earning an average salary.

“We found that salaries have gone up pretty significantly over the last few years, we found that they went up 25%. The problem is that housing costs have gone up dramatically more than that,” Keystone Policy Center senior policy director Van Schoales said. “We were interested in finding out what’s the relationship between what teachers are making and whether or not they can live near the places that they’re working and whether or not teachers have the access to homeownership and the American dream.”

Schoales, who led the…

Read Full Story: https://www.koaa.com/news/covering-colorado/keystone-policy-center-report-80-of-colorado-teachers-cant-afford-homes-near-work

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