August 15th 2023.
Riaz Capital and Urban Ed Academy are proud to join forces to provide beautiful new-construction apartments to Black teachers in the Bay Area. An initial 10 teachers will be housed at Artthaus Six, Riaz Capital’s latest new-construction development in Oakland, with additional placements to come.
Riaz Capital is a leader in providing affordable high-quality middle-income housing in the Bay Area, while Urban Ed Academy is a non-profit organization dedicated to supporting Black men pursuing careers in Education.
The partnership between the two entities is aligned with Urban Ed Academy’s mission to promote educational equity and empower students and educators. It also addresses the unique housing challenges faced by Black teachers in the Bay Area and encourages Black representation within the teaching profession.
According to the National Education Association, only 2% of teachers in America are Black men. A recent John Hopkins University study found that if Black students even have one Black teacher by third grade, they are 13% more likely to attend college. Through this collaboration, Riaz Capital and Urban Ed Academy are taking proactive steps to increase diversity in the education system and advance educational equity.
“We are thrilled to collaborate with Urban Ed Academy on this transformative initiative,” said Riaz Taplin, CEO of Riaz Capital. “Our goal is to empower Black teachers by providing exceptional housing opportunities. By supporting their well-being, we contribute to their ability to positively impact the lives of students.”
Randal Seriguchi Jr., Executive Director of Urban Ed Academy, echoed these sentiments. “Our teachers deserve the opportunity to live near the schools they serve and this partnership helps us make that happen. Riaz Capital has been an amazing partner throughout this process and their commitment to innovative racial equity strategies was clear to us from the start. Black teachers have a real champion in Riaz Capital.”
The partnership between Riaz Capital and Urban Ed Academy demonstrates their shared commitment to community empowerment, educational excellence, and equitable opportunities. By removing the housing burden, the initiative seeks to retain Black male educators and support their professional growth and overall well-being.
The ripple effect of this collaboration extends beyond the educators themselves, benefitting the students they teach and the broader community. By offering dedicated housing, the partnership seeks to attract, retain, and uplift Black male educators, positively impacting educational experiences and outcomes for students in the Bay Area.
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