Just heard this referenced on TLC’s My First Home and had to post ’cause I had never heard of the program:
HUD’s Good Neighbor Next Door Program
A brief description…Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD’s Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence.
From the look of things the one catch is many of the properties are in lets say transitional areas. While I’m on the subject, we just represented a Chicago Public School teacher who was elgible for a $3,000 closing cost credit for buying real estate in Chicago from CPS.
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