Thursday, May 12, 2016

Housing for Teachers

Rising housing costs can prevent teachers from living in the districts they serve, creating a teacher housing crisis everywhere from Seattle to San Francisco to Fairfax County, VA.
But not all hope is lost for teachers looking for home-buying assistance. Below are some money-saving options designed to help teachers afford nearby housing.
Good Neighbors Next Door: Developed by the U.S. Department of Housing and Urban Development, this program was created for teachers and other civil servants, including firefighters, law enforcement officers, and emergency medical technicians. It offers a 50% discount on HUD-owned homes located in “revitalization areas”—regions with high foreclosure rates and low homeownership—nationwide. Here’s the catch: Applicants must not currently own a home and must commit to using their new house as a primary residence for three years—otherwise, they’ll owe the full cost. See homes available through the program at HUDHomes.
I am qualified to submit bids on HUD homes. So if you are a Seattle school teacher hoping to buy a home in the Seattle area, please send me a private message at or leave your contact information at 888-621-4999 x0.
 Happy Investing!

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