Officer and Teacher Next Door Programs
Since HUD created the officer and teacher programs in 1997 and 2000, respectively, approximately 6,000 police officers and teachers in 41 states and the District of Columbia have purchased the homes.
To be eligible, law enforcement officers and teachers must be employed full-time and agree to make the homes their sole residence for three years following the purchase. In addition, teachers must work in the areas in which the homes are located.
Officer and Teacher Next Door / Non Profit offerings are made available according to HUD guidelines. In an effort to ensure that home ownership opportunities are made to law enforcement officers, teachers and registered non profits, properties are being made available at a significant discount (up to 50%) for those who plan to occupy the home as primary residence for at least 3 years. Only a $100 down payment is necessary if FHA financing is used. Officers and teachers may only purchase 1 family dwelling, no multifamily houses.
Please Contact us at 901.255.2745 or toll-free at 877.221.4841 for more info about the Next Door Program.
For further Information Contact your local HUD office
Revitalization Zips
Teacher Next Door Facts & Questions
Officer Next Door Facts & Questions
|