Hi Rio,
see link below which details the requirements, including links to homes that qualify. I do not believe Cherry Hill and Voorhees have any homes that qualify, here is a link to the cities that do:
http://hud1.towerauction.net/e10/results/NJ.htm

Information below mentions a Live Where You Work Program. This is an Ideal program where you can get both closing costs and down payments paid for you at closing and if you live in the new home for 7 Years, you do not have to pay them back. A few caviatts (sp?): A town has to participate (and Voorhees, Cherry Hill, and Evesham (Marlton) does; You must buy in the town you work in, (Live Where You Work); You have not owned a home for the last 3 years; You must have at least a 620 Credit Score; and a few other items.
If you wish, contact me, and I'll send you details on the Live Where You Work Program. I'll need to research the Teacher Next Door Program for you.
Lawrence "Larry" Ludden, Long & Foster Real Estate, 1415 Rt 70E, Cherry Hill, NJ
realtor0128@yahoo.com

I have sold many homes in the area you are looking in and the Teacher Program you are inquiring about is offerred through some lenders. I work with a large lender that offers this program and can explain to you whether it makes sense to use this program or whether rates and other programs may be more beneficial. If you need the lender's info, please contact me at 856-261-6910.

Janet Larsen, Broker/Associate
Remax Connection
Sewell, NJ 08080
Offc: 856-415-1210, ext. 321

Hi Rio, here is the person to answer all your questions about that. He also is Heading up the live where you work program! New Jersey Housing and Mortgage Finance Agency, Ed Collins off: 609-278-7478 Fax:609-278-1720 e-mail:ecollins@njhmfa.state.nj.us. If you need anything else for the Realtor end I'm here and happy to help! JRJ@LNF.COM here also is a free site to look at for prices and trends http://www.CherryHillPropertyValues.com my # is Off:856-857-2142 cell:856-419-1885. Thanks And Good Luck Ray

Well Anna - fortunately for Rio - someone CAN answer this question , as it most definitely is real estate related.......someone familiar with the program, like Elisa, can leave a useful and helpful answer.......which is what this forum is supposed to be for!

A thumbs up for you Elisa!