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 Information in the story may be outdated or superseded by additional information.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.
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.
Information from: The Salt Lake Tribune
(Copyright 2009 by The Associated Press. All Rights Reserved.)