Utah $6000 Home Grant

Many people are already aware of the new “Homerun Housing Grant” or “Utah $6000 New Contstruction Grant” Following are highlights of a new housing stimulus package, to be administered by the Utah Housing Authority, for homes purchased in the state of Utah (Click here to see if you qualify). This law was passed March 12, 2009:

- $6000 Grant for new construction (to qualify, the home must have never been lived in)

- Cannot make more than $75,000 ($150,000 for couples)

- Any type of loan can be used to purchase the home, not limited to FHA or Utah Housing

- Once an application has been approved, applicants have 90 days to close on a NEW home

- Available to all home buyers

- $10,000,000 available- (about 1,600 grants)

- First time homebuyers can combine the $8000 first time federal tax credit with this program for a total $14,000 in federal and state credits.

Tomorrow, I'll go over how to apply for this grant.

Contact me, or leave a comment with any questions.