Utah to offer $8 million in housing grants

Utah to offer $8 million in housing grants

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SALT LAKE CITY (AP) -- Utah Gov. Gary Herbert says he'll use $8 million in federal stimulus funds to help kick start the state's sluggish housing market.

Herbert's office released a statement Friday saying that the state will offer $4,000 grants to 2,000 home buyers.

The program comes on the heels of one started by former Gov. Jon Huntsman, who used $10 million in stimulus funds offer $6,000 grants.

The state awarded those 1,600 grants in less than 12 weeks earlier this year.

The Utah Housing Corporation says the grants have led to home sales of $376.7 million, creating thousands of jobs and millions of dollars in wages.

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

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