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2012 Utah Code
Title 35A - Utah Workforce Services Code
Article 8 - Housing and Community Development Division
Section 727 - New housing grants -- Reimbursement from Housing Relief Expendable Special Revenue Fund.

Universal Citation:
UT Code ยง 35A-8-727 (2012)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

35A-8-727. New housing grants -- Reimbursement from Housing Relief Expendable Special Revenue Fund.

(1) Subject to the availability of funds in the Housing Relief Expendable Special Revenue Fund created in Section 67-4-18, the corporation shall approve on behalf of the state a grant of $6,000 to a person who:

(a) purchases a newly constructed, never-occupied residence in Utah using a 30-year fixed interest rate note and mortgage; and

(b) meets the requirements established in Subsections (2) and (3).

(2) A person may not receive a grant under this section if the person's income, as determined by the corporation, exceeds:

(a) $75,000 for a single person; or

(b) $150,000 for a married couple.

(3) The corporation shall establish procedures for determining a person's eligibility for a grant under this section, including establishing a limit on the time that money for a grant may remain in escrow, which may not exceed 90 days.


Amended by Chapter 400, 2013 General Session

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