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 Information in the story may be outdated or superseded by additional information.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.)
