MONEY MANAGEMENT

HUD Half Price Houses For Police, Teachers, Firefighters, EMT

HUD Half Price Houses

HUD Half Price Houses For Good Neighbors Uncle Samuel has a HUD half price houses program for law enforcement, 12th grade teachers, and other public workers who want to contribute to community revitalization, while becoming homeowners through HUD’s Good Neighbor Next Door Sales Program. It offers HUD-owned, single family homes at 50 percent discount. HUD’s goal is to prevent crime and promote neighborhood safety by encouraging public service employees to become homeowners, and residents in economically distressed communities. Under the HUD half price houses program, it offers homes located in designated revitalization areas, typically in low and moderate-income neighborhoods. There are over 700 revitalization areas across the country. Homes offered for sale in the program were previously insured through the Federal Housing Administration (FHA) and then foreclosed. HUD also reduces the down payment requirement to just $100.00 if the home is purchased with an FHA insured mortgage. Public service employees…

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