HUD’s Good Neighbor Next Door Program Offers Homes at 50 Percent off Appraised Values
Good news for teachers, firefighters, law enforcement (police) officers and emergency medical technicians in Colorado! You may be eligible to purchase a home for half of its appraised value as part of the U.S. Department of Housing and Urban Development (“HUD”) Good Neighbor Next Door (“GNND”) sales program!
In an effort to draw people who work in these professions to certain “Revitalization Areas” around the United States, HUD is offering great deals on eligible properties. This offer might sound too good to be true, but the purpose ofthe GNND program is to improve the overall quality of live for individuals and families living in specific urban areas by encouraging teachers, firefighters, law enforcement agents and emergency medical technicians to live there.
How to Determine Eligibility
Not everyone qualifies for the GNND program. There are specific eligibility requirements that can be found here.
How to Find Available Properties
It’s easy to find homes that are currently listed as GNND properties. Simply visit this page on HUD’s website. You will see a map of the United States. Either click on the state in which you want to search for available homes or enter information into the search boxes to narrow your property choices to a specific area. Or, you are welcome to call my office as soon as possible. I can help you pinpoint specified Revitalization Areas in Colorado. And I would be happy to alert you when eligible properties become available.
What’s the Catch?
There are certain requirements that must be fulfilled in order to qualify for a GNND home. Besides being employed full-time as a teacher, firefighter, law enforcement officer or emergency medical technician in an eligible school district, agency, or department, a few other obligations must also be met.
Program participants must agree to:
- Live in the property for a minimum of three years as their sole residence.
- Sign a certification each year they live in the property.
More details on how the program works for members of the military, how mortgages are handled for GNND properties, and what happens if homeowners cannot fulfill their GNND obligations can be found here.
Questions, Questions and More Questions!
Most people who work in the professions that can benefit from the GNND program have many questions about participation. HUD has an extensive Frequently Asked Questions page on their website where the most common inquiries are addressed.
As a real estate agent who is licensed in Colorado, I am commonly asked about eligible GNND properties in specific metro Denver-area neighborhoods. The program focuses on areas around the United States that are designated as “Revitalization Areas.” All homes currently available are listed on HUD’s website.
An important requirement of the program is that you work with a licensed real estate agent. As a Realtor with extensive knowledge and experience with the GNND program, I would be happy to assist you in locating and purchasing an eligible property that will meet the needs of you and your family.
The GNND program is real and it’s happening NOW. So if you qualify, don’t miss out!
THIS LITTLETON HOME WENT UNDER CONTRACT IN 48 HOURS. IT IS SOLD.
This Littleton stunner offers a bright, open & airy floor plan, and is exactly what you’ve been looking for! Over 2,600 square feet of well-maintained living space with a serene and private yard. The 3-car garage is heated, and perfect for all your toys and hobbies. Change what you want, but you don’t have to change a thing! Call to schedule your private showing today. This home shows true pride of ownership, and has been thoughtfully maintained by its owner. It is the perfect home for a family or empty nesters, boasting a main floor master, and all bedrooms on the main floor. The professionally finished basement is ready to become the home theater of your choice, the man cave of your dreams, a teenage escape, or perfect for any hobby you choose!
Features include: 3 Bedrooms, 3 Total Baths, Over 2,600 Square Feet, Vaulted Ceilings, 3 Car Garage, Heated Garage/Workshop, Professionally Finished Basement, Light & Bright Floorplan, Great Room, Sprinkler System, Newer Paint, Bronze Finish Hardware, Fenced Backyard, Mature Landscaping, Main Floor Master, Fireplace, Main Floor Laundry Room
So you are walking through ANOTHER house you hope to call your own – in search of “The One”, “The Only”, true home of your dreams. What do you find? AN UPGRADE! Now you may not think it’s an upgrade at first, sometimes those upgrades can be hard to pinpoint. BUT, don’t be fooled! It definitely is. There are many changes homeowners make to their properties that may seem like a downgrade, but they cost money. Spending money is upgrading, BUT does it add value to the home? Sometimes the beauty and the value is in the eyes of the beholder.
If you have ever been out house hunting with me before, you will know that I LOVE to discover upgrades. And I am not shy about pointing them out for you. I will swoon when I discover an outstanding upgrade that is so original, so unique, and so rare to come across, it simply boggles the mind. Come house hunting with me, and you will see! Welcome my friends to the 1st ever edition of “DON’T BE FOOLED, IT’S AN UPGRADE!” Thank you Caitlin & Bryce for contributing this photo from our weekend showings.
In lieu of installing a tile backsplash, some homeowners elect to use sticky drawer liner. It adheres well to the wall, and is a very cost effective solution. This particular homeowner selected a liner with a wood finish. This lovely faux wood backsplash was found in Lakewood, Colorado. Don’t be fooled, it costs money to make this look happen…IT’S AN UPGRADE!