Utah Senate approves $6,000 New Construction Grant

By
Real Estate Broker/Owner with Alpine Real Estate

The Utah State Senate OK'd a bill that would allow buyers of new construction homes to get a $6,000 grant towards the purchase of a New Construction home. There is a surplus of homes for sale in Utah, and a good portion of these are new construction. The idea is to help get rid of this inventory to aid struggling builders.

The money used for the grant program would be provided from the funds Utah was given as part of the Obama federal stimulus money. There is only enough of this money for 1,600 buyers, so it would be granted at a first come first serve situation. Great incentive to buy now. The other stipulation for the grant program is only available for people making less than $75,000 a year. Non first time buyers will qualify for this program if it is implemented.

Comments (1)

Anonymous
Joseph & Jessica Green

Just found out about this program would like to know more about it.  Please advise

 

Thank you

Mar 20, 2009 11:27 AM
#1