What is the Officer Next Door Program?
It is a program that falls under the jurisdiction of the U.S. Department of Housing and Urban Development (HUD). Fulltime Police Officers that are employed by the NYPD, state or federal agencies may be able to purchase a home that is featured in the program.
With a 50% discount from the list price of the homes featured in the program, law enforcement officers, K-12th grade teachers, firefighters and emergency medical technicians (EMTs) are incentivized to move into revitalized areas.
The goal of the government program is to strengthen designated areas throughout the United States of America. The homes that are available frequently change and can be viewed by the public and real estate professionals. Officers and other eligible candidates must utilize a real estate agent or broker to buy the home.
The program, officially called the Good Neighbor Next Door (GNND) Sales Program, offers single family HUD homes at a 50% discount. The homes must be in designated revitalized areas and there is a three-year occupancy requirement that must be agreed to prior to purchasing the home.
Who can qualify for the Good Neighbor Next Door Program?
The following is a list of the fulltime professionals that may participate in the Program:
- Police Officers/Law Enforcement Officers
- Teachers, also referred to as the Teacher Next Door (TND) Program
- EMTs (Emergency Medical Technicians)
What are Revitalized Areas?
Revitalization Areas are HUD-designated geographic areas authorized by Congress under provisions of the National Housing Act. Income levels, foreclosure rates and homeownership rates factor into the criteria utilized to designate certain neighborhoods as a revitalized area.
HUD-owned single family properties located in a Revitalization Area are eligible for discounted sales through special programs, such as the Officer Next Door Program.
Click here to view our Staten Island City Worker's Real Estate Resource