Good Neighbor Next Door Program

The **Good Neighbor Next Door (GNND)** program, offered by the U.S. Department of Housing and Urban Development (HUD), is a unique initiative designed to make homeownership more affordable for law enforcement officers, pre-K through 12th-grade teachers, firefighters, and emergency medical technicians. This program helps these community heroes become homeowners in revitalization areas by offering an incredible incentive.

Key Benefits of the Program

• 50% Discount on Home Price: Eligible participants can purchase a HUD-owned home at a substantial 50% discount from the listed price.
• "Silent Second" Mortgage: The discount is provided as a second mortgage with no interest and no payments. After 36 months of living in the home, this second mortgage is completely forgiven.
• Flexible Financing: You can use various types of financing, including FHA loans or conventional mortgages, through a lender of your choice.
• Community Revitalization: By participating, you contribute directly to the revitalization and stabilization of designated communities.

Eligibility Requirements

To qualify for the Good Neighbor Next Door program, you must meet specific criteria:

• Eligible Professions: You must be employed full-time as a law enforcement officer, pre-K through 12th-grade teacher, firefighter, or emergency medical technician.
• Serve the Locality: Your employment must directly serve the locality where the HUD-owned home is located.
• Occupancy Requirement: You must commit to living in the property for 36 months (3 years) as your sole principal residence.
• Property Type: The home must be a HUD-owned single-family home located in a designated revitalization area.
• No Recent Homeownership: You or your spouse cannot have owned any other residential property in the year prior to bidding on a HUD property.