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Board revives teacher-preference housing talks, eyes two Hall Street lots for rentals
Summary
Board members said they have re-engaged with a land trust to explore donating or trading two residential lots by the high school for teacher-preference rental units; Homestretch and grant-funded nonprofit models were cited as possible builders/operators.
Frankfort-Elberta Area Schools board members discussed a revived proposal to partner with a land trust to create teacher-preference rental housing on two district-owned lots near the high school.
Board members said the land-trust concept would supply rental units prioritized for teachers (especially new hires) and could be delivered through a nonprofit developer. "Teacher preference meaning it'll be the concept that we're exploring is that it'll be homes for rent... teachers who are interested in housing would be able to kind of get to the top of the wait list," a finance committee representative said.
Why it matters: district officials framed the project as a recruitment and retention tool amid local housing pressures. Staff noted the parcels under discussion are two residential lots on Hall Street adjacent to the high school and that an assessed value figure of about $50,000 per lot has been discussed as a rough estimate; details on exact property valuations, legal conditions or the final financing model remain to be worked out.
Board members emphasized the project would not be district-funded homeownership by default; the concept discussed at the meeting relied on nonprofit funding models and income-based rents (often capped at about 30% of income under attainable housing programs). The board asked staff to continue investigating legal and financing details and to return with a formal recommendation when ready.
Next steps: staff will follow up with the land trust and potential nonprofit partners, collect more precise valuations and legal options, and present a recommendation to the board at a future meeting.
