Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
SALT LAKE CITY (AP) -- Gov. Jon Huntsman has signed a bill into law that will award $6,000 grants to anyone purchasing a newly built home.
The grants are intended to eliminate a glut of homes on the market that have never been lived in. The $10 million for the program comes from President Barack Obama's federal stimulus package.
The grants will be available to anyone buying a brand new home, not just first-time home buyers.
Home buyers would have to secure a fixed-rate mortgage to qualify for the grant, and the money would only be available to those whose income is $75,000 or less or $150,000 or less for married couples.
CLICK HERE for more information.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
