Legislature OKs $6,000 grants to buy new homes

Legislature OKs $6,000 grants to buy new homes

Save Story

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 Information in the story may be outdated or superseded by additional information.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) -- Anyone interested in buying a newly built home could receive a $6,000 state grant under a bill the Utah Legislature has approved.

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 would be available to anyone buying a 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.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

Most recent Politics stories

Related topics



Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast