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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.
3 comments:
Great article about Utah! There are nice posts in this blog which are interesting to read! I know of a certain website which promotes a real estate company in the US. This company has a lot of foreclosure homes and bank owned homes available for sale. These homes are available for purchase individually or in bulk at deep discounts, with an average discount of 60%-80% of the market price.
Hi
A nice article and There are so many people want more information about Realestates.
Good way to stimulate fund.I checked the website link given by Mcrealton.That seems to be very good.
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