Yes you can, if you’re a law enforcement officer, a pre-Kindergarten through 12th grade school teacher, a firefighter or an emergency medical technician.
HUD’s “Good Neighbor Next Door” program is designed to promote home-ownership in targeted revitalization areas. They offer a generous incentive in the form of a 50% discount of the property’s listed price. In return, you agree to occupy the property as your primary residence for a minimum of 3 years.
However, not all “HUD Homes” qualify for the program. Properties qualify by being located within the city’s targeted revitalization area. A property that is offered through the Good Neighbor program will be on the market for 5 days, during which time they will accept submissions from qualified applicants. If there is more than one submission, HUD will hold a lottery to determine the Awardee (if that’s even a word).
Find answers to frequently asked questions about the Good Neighbor Next Door program or for more information on other programs visit HUD’s website, www.hud.gov
