1. About Good Neighbor Next Door:
Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home in some areas. In return you must commit to live in the property for three years as your sole residence.
The Teacher Next Door Program offers assistance to teachers and education administrators.
A HUD approved home must fall within certain requirements. In order to qualify for the Teacher Next Door Program, a home must:
Be a single-family house, townhouse or condominium
Read more information at http://www.hud.gov/offices/hsg/sfh/reo/goodn/gnndabot.cfm
2. Atlanta Neighborhood Stabilization Program:
The Environs initial allocation from the City of Atlanta Neighborhood Stabilization Program funds is to be used to rehab five homes in parts of the Edgewood, Reynoldstown and Kirkwood neighborhoods.
To find out if you qualify for NSP properties, just ask yourself these two questions:
1. Do I currently own a home or investment property?
Family Size Annual Income
If you do not currently own real estate and if your income falls within the guidelines above, then you may qualify for the Neighborhood Stabilization Program.
Read more on this Grant at http://www.nspatlanta.com/
3. Clayton County Neighborhood Stabilization Program:
The Neighborhood Stabilization Program Purchase and rehabilitate many foreclosed properties in Clayton County. This homes are resold below market value. Protectors, Educators, Medical Personnel, Veterans, first time homebuyers, return homeowners etc can take advantage of this program.
Interested buyers/Purchasers must have:
NSP Maximum Income Limits – Clayton County
1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons 7 Persons 8 Persons
50% AMI $25,150 $28,750 $32,350 $35,900 $38,800 $41,650 $44,550 $47,400
80% AMI $40,250 $46,000 $51,750 $57,450 $62,050 $66,650 $71,250 $75,850
120 % AMI $60,360 $69,000 $77,640 $86,160 $93,120 $99,960 $106,920 $113,760
To learn more on this program Visit http://www.claytonnsp.com
4. Cobb County Neighborhood Stabilization Program:
Cobb County has up to $30,000 Grant galore for each qualified buyer/purchaser. With reference to the Neighborhood Stabilization Program, the contributions can be used for down payment assistance, closing costs, a deferred second mortgage, as well as education on homeownership. In order to be eligible, buyers must:
Read on this grant and many more: http://www.hud.gov/offices/cpd/communitydevelopment/programs/
5. Dekalb County First time Homebuyer Downpayment Assistance Program:
All eligible applicants will receive $5,000 towards their down payment, counseling sessions, or other prepaid expenses. Those who successfully improve their FICO credit scores to 620 or higher within a limited time period, may receive up to $3,000 additional monies, total down payment up to $8,000.
Who is eligible?
Successful applicants must meet maximum income guidelines, be credit-worthy, participate in home ownership pre-purchase counseling, and plan to purchase a single-family home anywhere in DeKalb County, outside the city limits of Atlanta. Homes must be up to all DeKalb County codes at the time of purchase.
The maximum annual income limits:
Household of 1 -- $40,150
The maximum purchase price of the home cannot exceed $160,000.
6. DeKalb County NSP Second Mortgage Program:
This program has three targeted audiences:
The program provides up to $25,000 in a forgivable “zero percent” second mortgage, depending on where the home is located and which option is selected. This second mortgage is separate from and does not add to the primary mortgage. In fact, if the homebuyer remains in the home for a speciﬁed period of time, repayment of the second mortgage will not be required. However, if the buyer moves, reﬁnances or sells the house before the Affordability Period has ended, a pro-rated portion of the assistance must be repaid. Homebuyers are also required to contribute a minimum of one percent towards the purchase transaction.
Where and What Can I Buy?
DeKalb County has been divided into four “Tiers” based on priority. Homes purchased must be located within these Tiers. If a buyer purchases a foreclosed home in one of these zip codes, up to $4,000 in additional assistance will be provided for allowable closing costs.
This program will help individuals and families realize the dream of homeownership. In conjunction with purchasing NSP homes, buyers may receive down payment assistance and closing costs in the form of a deferred second mortgage.
8. Georgia Teacher Grant in the amount of $7,500
To qualify for this Grant:
A. You must be a first time homebuyer or not have owned a home in the past three years, or purchase a home in a targeted area to qualify for first mortgage financing.
You may qualify to purchase a home with a sales price of up to $250,000
Eligible borrowers will:
9. Gwinnett County Neighborhood Stabilization Program:
Homes that are qualified for the Gwinnett County Neighborhood Stabilization Program are priced from $70,000 to under $200,000 and are located throughout Gwinnett County. These previously-foreclosed home have been renovated and are move-in ready.
you must not currently own residential property, rental, or vacation home.
Other Grant programs includes but not limited to CDBG Funding, ESG Funding, HOME Funding, Rehabilitation
10. Other Grant Monies:
Standard Grant - $5,000 for all eligible homebuyers.
Protector’s Grant – $7,500. Eligible homebuyers who are employed by entities that provide public protection. Examples would be police officers, firefighters, nurses, military (to include national guard or reserves) probation and correctional officers, TSA, etc.
Choice Grant – up to $10,000. Eligible homebuyers whose household includes an individual living with a disability.
Honors Grant - $10,000. Eligible homebuyers who are the survinging spouse of a military serviceman or servicewoman or a public protector.
Welcome Home Grant - $10,000. Eligible members of the Georgia National Guard or Georgia Air National Guard who purchase a home in the state of Georgia.
Signature Community Grant - $7,500. Eligible employees of local governments.
Email Rose, the Grant Pro at email@example.com or call 678-697-7273 for other Counties not mentioned here, for grant availability.