How do you know if you qualify for the Good Neighbor Next Door Program?

Asked by Trulia Miami, Miami, FL Fri Apr 19, 2013

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Meg Sahdala, Agent, Coral Gables, FL
Fri Apr 19, 2013
BEST ANSWER
You may participate in the Good Neighbor Next Door program as a law enforcement officer if you are employed full-time by a law enforcement agency of the federal government, a state, a unit of general local government, or an Indian tribal government; and, in carrying out such full-time employment, you are sworn to uphold, and make arrests for violations of, federal, state, tribal, county, township, or municipal laws.
Teachers

You may participate in the Good Neighbor Next Door program as a Teacher if you are 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. In addition, the public or private school where you are employed as a teacher must serve students from the area where the home you are purchasing is located in the normal course of business.
Firefighter/Emergency Medical Technicians

You may participate in the Good Neighbor Next Door program as a Firefighter/Emergency Medical Technician if you are employed full-time as a firefighter or emergency medical technician by a fire department or emergency medical services responder unit of the federal government, a state, unit of general local government, or an Indian tribal government serving the area where the home is located.
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Yanoska Diaz, Agent, Miami, FL
Fri Apr 19, 2013
About Good Neighbor Next Door

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.

How the Program Works

Eligible Single Family homes located in revitalization areas are listed exclusively for sales through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for seven days.

How to Participate in Good Neighbor Next Door

Check the listings for your state. Follow the instructions to submit your interest in purchasing a specific home. If more than one person submits on a single home a selection will be made by random lottery. You must meet the requirements for a law enforcement officer, teacher, firefighter or emergency medical technician and comply with HUD's regulations for the program.
HUD requires that you sign a second mortgage and note for the discount amount. No interest or payments are required on this "silent second" provided that you fulfill the three-year occupancy requirement.

The number of properties available is limited and the list of available properties changes weekly.

For more details:

http://portal.hud.gov/hudportal/HUD?src=/program_offices/hou…
2 votes
Adria Cejas, Agent, Miramar, FL
Mon Sep 15, 2014
If you're a law enforcement officer, pre-k through 12th grade teacher, firefighter, or medical technician you can qualify for the Good Neighbor Next Door Program which is a HUD program that gives you a discount of 50% of the list price of the home. In return you must make that property your sole residence for 36 months.

For more information regarding this program or the properties available with this program, you can give me a call at any time at 786-370-7329, I'd love to help!
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