$6,000 Home Purchase Grant for Utah New Home Buyers

The state of Utah recently passed a law that allows a $6,000 home purchase grant for a total of 1,600 buyers who purchase new homes in Utah. The new law was passed on March 12, 2009; the program officially began on March 16, and to date, 555 home buyers have been approved at a cost of $3.3 million. When all 1,600 grants are awarded, the state will have provided a total of $9.6 million in grant funds.

The $6,000 home purchase grant, also known as the Home Run Program, is being overseen by the Utah Housing Corp.

Intended on stimulating new home sales in Utah, homebuyers who purchase a single-family house are eligible to receive $6,000. The Home Run Program grant does not have to be paid back to the state. Funding for the project is provided by the Housing Relief Restricted Special Revenue Fund.

$6,000 Home Purchase Grant FAQs

How do I apply?

Home buyers apply for the program using an approved lender.

Is there an income level limit?

Yes. Single tax payers are limited to an annual income of $75,000. Married couples are limited to $150,000.

What types of homes qualify?

Newly constructed single-family houses, condominiums, twin homes, planned unit developments, townhomes, and manufactured homes that are permanently fixed to a foundation. A Certificate of Occupancy or a final inspection provided by an applicable municipality is required.