UtahCribs Weblog

Real Estate, Homes, News, Statistics and more

Sandy City UTAH to offer $5,000 new home grants

Posted by UtahCribs, Real Estate, Homes on August 18, 2009

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.

This is great. I love it when I see a local City take control and try to help us pull out of this mess. I hope other city’s take notice and follow suit. This will for sure at least give them more tax dollars…:)

Let me know if any of you have questions regarding this..

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