HUD’s Good Neighbor Next Door Program
A FIFTY PERCENT DISCOUNT is available to law enforcement officers, school teachers, firefighters, and emergency medical technicians when buying a HUD-owned property under HUD’s Good Neighbor Next Door Program. The U.S. Department of Housing and Urban Development (HUD) offers this unique program to persons who are employed in certain professions that contribute to the local community.
Good Neighbor Next Door allows these community-service homebuyers to receive a 50% discount from the list price of a home that is being offered for sale by HUD in certain areas within the state where the homebuyer is employed. Purchasers must commit to living in the property for 36 months as their sole residence.
- Law enforcement officers must be employed full-time by a law enforcement agency of the federal government, a state, a unit of the general local government, or an Indian tribal government.
- Teachers must be employed as a full-time teacher by a state-accredited public school or private school that provides direct services to students in grades pre-kindergarten through 12. The public or private school must serve students residing in the area where the home is located.
- Firefighters and EMTs must be employed full-time by a fire department or emergency medical services responder unit of the federal government, a state, a unit of the general localgovernment, or an Indian tribal government serving the area where the home is located.
The Good Neighbor Next Door program is all explained in Housing Finance 2020.
Save 20% on print or e-books!
Follow the “where to buy” links on this site. Select BookBaby, and at checkout, use code 2020E for print, or 2020EE for e-book. Spanish edition: Hipoteca 2020: use code 2020S for print, or 2020SE for e-book.
Leave a Comment