Won't You Be My Neighbor?The Teacher Next Door (TND TND In currencies, this is the abbreviation for the Tunisian Dinar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) program of the Department of Housing and Urban Development (HUD Hud (h  d), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God. ) allows a teacher to purchase a home at a 50 percent discount. Sounds too good to be true? It's not. The initiative is styled to encourage educators to buy homes in HUD-categorized revitalization re·vi·tal·ize tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy. areas. In addition, a teacher who finances his or her mortgage through the Federal Housing Administration Federal Housing Administration (FHA) Federally sponsored agency chartered in 1934 whose stock is currently owned by savings institutions across the United States. The agency buys residential mortgages that meet certain requirements, sells these mortgages in packages, and insures can buy a house with a down payment as low as $100. Currently, the TND's discount is offered only to state-certified K-12 teachers who work full-time in either a school or educational agency. They must be employed by the revitalization area's school district in which they reside as well as live in the new home for at least three years. |
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