The Utah State Legislature passed a bill, Senate Bill 260, on March 12, which provides $6,000 grants to buyers of newly constructed homes. The bill was approved by two/thirds of both houses. It will become effective immediately when signed into law by the governor.
While all of the information on the grant has not been released, we do know that $10 million has been allocated for home buyers who purchase properties that have not been previously occupied. $6,000 will be given to each borrower, meaning roughly 1,600 buyers will be able to capitalize on this grant.
The grant will be issued to approved lenders through the Utah Housing Corporation. The grant will only be issued to buyers who meet qualifying parameters. To make sure you qualify click here for a fast, easy online application.
Tuesday, March 17, 2009
How To Apply For The $6,000 New Construction Grant In Utah
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