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CU System
SECU Foundation to provide affordable housing for teachers
RALEIGH, N.C. (12/10/07)--Teachers in Dare County, N.C., may have more affordable housing options due to help provided by the State Employees CU Foundation. The foundation board recently approved a plan to provide affordable housing for teachers in Dare County, according to G. Mark Twisdale, foundation executive director (Virginian-Pilot Dec. 7). Details have yet to be finalized. The foundation met with Dare County educators Friday about the project, with more details expected this week. In August, the foundation provided a $2.2 million interest-free loan for a 24-unit apartment complex in Hertford County to help teachers. All of the units have been rented. The school district struggles to find quality teachers because area living expenses are so high. A Dare County Schools report indicated that at least 30% of teachers employed in 11 of the district’s schools work second jobs during the academic year to make ends meet. In three of the schools, 40% of teachers reported having outside jobs, and at Cape Hatteras Elementary, 58% of teachers reported working second jobs, the newspaper said. State Employees CU, based in Raleigh, has $14 billion in assets.


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