The Good Neighbor Next Door Program (GNND) is designed to attract public servants to designated communities where they can purchase homes in neighborhoods in which they serve. This program makes homeownership more available and affordable to these particular individuals. Public servants under this program serve as resident role models and ensure the safety and well-being of residents in those communities where help is needed to promote safe neighborhoods and stronger educational opportunities.
Participants are offered up to a 50% discount on HUD-owned, single-family homes under the Direct Sale Program in designated revitalization areas. It is necessary for the participants of this program to utilize the assistance of a real estate professional. HUD requires these buyers to take advantage of the knowledge and expertise that an experienced real estate agent has to offer.
Applicants interested in the program are allowed to submit an "intent to purchase" during a restricted offer period, which is five days before the property is listed to the general public to receive the appropriate discount. Participants are required to own and use this property as their sole primary place of residence for at least 36 months.
Law Enforcement Officer
Eligible participants under the Law Enforcement Officer program are employed full time by a law enforcement agency of the federal government, a state, unit of general local government, or and Indian tribal government. In carrying out such full-time employment, the person is sworn to uphold and make arrests for violations of the federal, state, tribal, county, township or municipal laws.
Teacher
Eligible participants under the Teacher program are employed full-time by a state accredited public or private school that provides direct services to students in grades pre-kindergarten through 12. The public or private school where the person is employed as a teacher serves students from the area where the home is located in the normal course of business.
Firefighter and Emergency Medical Technician
Eligible participants under the Firefighter and Emergency Medical Technician program are employed full-time by a fire department or emergency medical responder unit of the federal government, a state, a unit of general local government or and Indian tribal government serving the area in which the home is located.
Other qualifying criteria include:
- All participants' employers must certify that the applicant meets HUD's eligibility definition for participation and is an employee in good standing.
- Married couples are eligible for both programs, but can purchase only one home under either program.
- Single-family homes are the only properties available for sale in the program.
- Earnest money deposit is required of 1% of the list price, but no less than $500.00 and no more than $2,000.00.
For more terms and conditions regarding the Good Neighbor Next Door program, please refer to : angiesells4u.com
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