HUD Housing Discount Extended To First Responders

A program that allows police officers and teachers to buy foreclosed homes in designated neighborhoods at half of their appraised value has been extended to include firefighters and emergency medical technicians.

The aim of the "Good Neighbor Next Door" sales program is to improve conditions and life in distressed areas.

"The program, first offered to full-time law enforcement officers in 1997 and then expanded to include educators and firemen, allows participants to purchase HUD-acquired homes in designated revitalization areas at a 50 percent discount from their list prices."

"Since its inception, 11,633 foreclosed houses have been sold at half price to participants--7,073 to cops, 4,498 to teachers and 62 to firefighters and EMTs."

"Revitalization areas are HUD-designated neighborhoods in need of economic and community development where there is a strong commitment by the local governments. There are hundreds of such areas throughout the country."

Full Story: First responders to get discount from HUD

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $16.95 a month
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95
DVD Cover of The Story of Sprawl

The Story of Sprawl

See how America changed shape in this collection of historic films that visually document how sprawl evolved.
$29.99 for 2-DVD SET