What is the FHA's Good Neighbor Next Door program?

Answer by  patti (29325)

The HUD program offers dramatic discounts to law enforcement/firefighters/EMTs and teachers in an opportunity to purchase homes in designated urban communities.

Answer by  linsm (898)

The FHA Good Neighbor Next Door program that is used to revitalize targeted neighborhoods through the sale of HUD homes.FHA rules restrict the sale of these homes to teachers, policemen fireman and EMT's. The qualified buyer may purchase a single family home with as little as a $100.00 down payment with discounts of 50% through a bidding process.

Answer by  ShanL (684)

This is a program that provides a single-family home at a 50% discount to people who work in fields that can help revitalize a community. Specifically, eligible professions include firefighters, law enforcement officers, EMTs, and pre-K through high school teachers. Applicants have to meet eligibility requirements and agree to live in the house for a minimum of 36 months.

Answer by  hashbrown64 (221)

FHA offers properties it owns to first responders (firefighters, EMTs, etc.) for 50% value as part of the Good Neighbor Next Door program, to promote home ownership for them.

Answer by  jajg2626 (104)

It's basically that the neighbor should look over the other neighbor's house and property and show them that they are looking out for them.

Answer by  esteban (1334)

This program offers special incentives for law enforcement officers, teachers, firefighters, and EMTs who meet certain requirements to purchase HUD approved homes in HUD designated Revitalization Areas. Those who qualify can receive a 50% discount on the HUD appraised value. Buyers are required to live in the dwelling for at least 36 months and agree to other terms.

Answer by  John (9008)

This is a program designed to make it easier for firefighters, police officers, and emergency medical technicians to purchase homes in certain neighborhoods. It is both a way to help these underpaid people and to revitalize targeted neighborhoods.