Qualified Participants Can Make Dream of Homeownership a Reality
GREENSBORO, NC – Nov. 29, 2007 – The US Department of Housing and Urban Development (HUD) has approved areas of Guilford County for participation in the Good Neighbor Next Door Program, which is designed to promote home ownership among emergency medical technicians (EMTs), firefighters, law enforcement officers, and teachers.
HUD provides a substantial incentive in the form of a 50 percent discount off the list price of eligible foreclosed properties to encourage revitalization within a designated area. Foreclosed home purchases are handled directly by HUD through approved brokers. Participants in the Good Neighbor Next Door Program must commit to live in the house for three years.
“The Good Neighbor Next Door Program affords emergency service providers and teachers the opportunity for home ownership at a lower price, as well as the opportunity to effect positive change within the community through revitalization,” said Andy Scott, director of the City of Greensboro’s Housing and Community Development Department. “With an average of 100 HUD foreclosures per year in our area, this program represents a significant opportunity for eligible home buyers.”
For more information on how to participate in the Good Neighbor Next Door Program, call Housing and Community Development at (336) 373-2349 or visit the HUD website at www.hud.gov.
The City of Greensboro works in partnership with the community to build an increased quality of life for all residents by fostering an environment where inclusion, diversity, and trust are valued. As the seventh largest employer in Greensboro, the City has a dedicated professional staff of 2,700 employees who maintain four core values of honesty, integrity, stewardship, and respect. The City of Greensboro is governed by a council-manager form of government where a mayor and eight council members act as the legislative body. For more information on the City of Greensboro, please visit us online at www.greensboro-nc.gov.