SALT LAKE CITY (ABC4 News) — Salt Lake City is launching a program for first-responders, teachers, and nurses to buy a new home this year.
It’s called the Community Heroes Home Buyer Program. The program assists in a down-payment for those who want to live and work in Salt Lake City.
“This program will primarily help single-income families, part-time employees, and young people just starting out as public servants in our community,” says Salt Lake City Mayor, Jackie Biskupski.
The Community Heroes Home Buyer Program is funded by a $100,000 grant from the city’s Funding Our Future sales-tax.
The program goes through 2020 and is for teachers, 911 dispatchers, EMTs, nurses, police officers, and firefighters.
Those who qualify for the program will receive a zero percent deferred loan. Allowing folks to put down three-five percent of the homes price for a down payment.
“We want to build a community where the individuals who serve our City, especially our first responders, can build their lives here. Too often, a down-payment is a barrier-to-entry to home ownership, and this is something we can help solve” Mayor Biskupski adds.
For a home to qualify for the program it needs to cost less than $322,055. During the month of April, Salt Lake City launched four new housing programs using $400,000 of the Funding Our Future sale-tax initiatives.
Mayor Biskupski says 120 people will have stable housing because of the programs.
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