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Real Estate Resources

$10,000 Bonus For NV Teachers To Buy A Home

The HIP For Teachers program was introduced in late 2016 to help Nevada communities recruit and retain teachers. “In addition to making Nevada one of the country’s most veteran-friendly states, we’re working with Governor Sandoval to make it a great place for teachers to live and work,” explained Housing Administrator CJ Manthe. “A big part of that is helping them get into a home of their own, which was the impetus for this program.”

HIP For Teachers offers Nevada’s K-12 teachers $10,000 in bonus money toward the purchase of a new home, and that money is forgivable if the teacher stays in the home for five years. It can be used for a down payment or closing costs, freeing up homeowner savings for other expenses.

Click here for an overview of the key benefits and requirements for the program, and then let’s work together to reward our state’s educators with homes of their own!

About Home Is Possible Funding
The Home Is Possible programs are funded through the use of a private/public partnership model, which has funded $76 million toward down payment and closing costs, for a total of $1.9 billion in closed mortgages since the program was founded in 2014.

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This entry was posted on February 8, 2017 by .

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