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Sandy to offer $5,000 new home grants

Sandy to offer $5,000 new home grants



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SANDY, Utah (AP) -- Sandy is offering $5,000 grants for the purchase of a new home to those who stay in their home for three straight years.

Sandy plans to award 10 loans for new, existing, never-occupied homes and another 10 loans for construction of new homes in Sandy subdivisions.

The cash has to be used at closing for a down payment, closing costs or a principal reduction in purchase price. The home cannot cost more than $305,000. Applicants also have to make below a certain income -- $44,080 for an individual and up to $87,406 for a family of eight.

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Information from: The Salt Lake Tribune

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

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