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HUD GOOD NEIGHBOR NEXT DOOR
( GNND ) PROGRAM
HUD
Designated Georgia Revitalization Areas List Available
The
Good Neighbor Next Door Program was designed to enhance urban communities by
offering discounts on HUD
homes to firefighters and EMT's, police officers, and pre-k through grade 12
teachers. The GNND Program was
ratified from the former OND / TND Programs into one cohesive program effective
December 1, 2006.
The program allows individuals working full-time in the above fields, with good
faith to remain at that job, to purchase
a home in a HUD Designated Georgia Revitalization Area at 50% discount from the
list price and with a $100 down
payment.
Requirement to the buyer:
1) Must purchase with FHA Financing
2) Must Live in the home as his/her primary residence for at least 36 months (3
years)
3) Must submit an earnest money deposit of 1% the sales price of the home, not
to be less than $500 and not to exceed $2000
4) Buyers not their spouses may not have owned title to any property in the last
year, nor have ever partaken in the GNND Program
5) Buyer participating in this program will also be responsible for all closing
costs
6) Buyer must purchase within close proximity to the area in which they work
7) The 50% discount is applied at closing
Click here to check out available HUD HOMES
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