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LAYTON, Utah (AP) -- Low- and moderate-income families in Layton are getting a helping hand from the City Council.
Council members have approved a pilot project to provide down payment assistance to qualifying families trying to buy a home. Between $2,000 and $5,000 will be available to families.
Money for the program comes from a federal Housing and Urban Development department grant. A total of $45,000 is available this year.
City economic development specialist Ben Hart says that under HUD guidelines families of four earning less than $50,000 would be eligible for the program. The program is open to both first-time buyers and to those who already own a home.
The average price of a home in Layton is just under $193,000.
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Information from: Standard-Examiner
(Copyright 2008 by The Associated Press. All Rights Reserved.)
