What is the Good Neighbor Next Door Program?
First things first. The GNND (Good Neighbors Next Door) sales program is a program created by the US Housing and Urban Development section created to “revitalize” certain areas. Teachers, EMTs, firefighters, and law enforcement officers are all potential employees who may take part in this amazing discount program.
HUD offers a 50% discount on homes within revitalization areas to the previously mentioned employees. HUD designates “revitalization” areas authorized by Congress under the National Housing Act. This is done to promote homeownership in areas that are lacking for any reason. Criteria such as household income, rate of homeownership, and foreclosure activity on mortgage loans that are FHA-insured.
Who Qualifies and where are the revitalization areas?