FHA
The Neighbor Next Door is a collection of FHA's home sales programs designed to help communities & promote homeownership.
Help a neighborhood! Buy a home through HUD's Good Neighbor Next Door program designed to encourage renewal of revitalization areas by providing law enforcement officers, firefighters, emergency medical technicians & teachers an opportunity to purchase homes in these communities. HUD provides a substantial incentive in the form of a 50% discount off the list price of eligible properties.
Learn more about HUD's Good Neighbor Next Door Sales program.
Additional discounted sales programs allow local governments & qualified nonprofit organizations to purchase homes at a discount. These are referred to as dollar homes & sales to nonprofits.
Good Neighbor Next Door
Law enforcement officers, pre-Kindergarten through 12th grade teachers & firefighters, emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of fifty percent from the list price of the home. In return you must commit to live in the property for 36 months as your primary residence.How the Program Works
Eligible Single Family homes located in revitalization areas are listed exclusively for sales through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for 5 days.
How to Participate in Good Neighbor Next Door
Contact Peters & Associates, Inc.’s HUD Division to locate you next HUD home.
Hud HomesHUD's $1 Homes program helps local governments to foster housing opportunities for low to moderate income families & address specific community needs by offering them the opportunity to purchase qualified HUD owned homes for a dollar each.
$1 Homes are single family homes that are acquired by the Federal Housing Administration as a result of foreclosure actions. Single family properties are made available through the program whenever FHA is unable to sell the homes for 6 months.
By selling vacant homes for a dollar after 6 months on the market, HUD makes it possible for communities to fix up the homes & put them to good use at a large savings. The newly occupied homes can then act as catalysts for neighborhood revitalization, attracting new residents & businesses to an area.
Local governments can partner with local nonprofit homeownership organizations or tap into existing local programs to resell the homes to low & moderate-income residents of the community.
Contact Peters & Associates, Inc.’s HUD Division to learn more about Dollar Homes.