Fredericksburg Independent School District’s board of trustees on Monday approved a memorandum with the Texas Workforce Housing Foundation in hopes of easing its employee affordable housing challenges.

The agreement, in discussion since this summer, partners FISD with TWHF, who would potentially purchase or build an apartment complex, then use half of the units for teachers and staff. The agreement has the landlord leasing half the units at market rate and offering subsidies, depending on incom...