Economic benefits adding up with Home Run Grant 2

(Utah Pulse) Utahns looking for a house or a job are benefiting from Home Run 2 housing grants, while driving home some stimulus to the Utah economy.

Since Utah Governor Gary R. Herbert announced Home Run 2 a few weeks ago, more than 150 homebuyers have used the $4,000 grant to purchase newly constructed homes. Another 1,800 grants are available through Dec. 1.

Home Run 2 grants are creating or saving Utah jobs and generating income and sales tax revenue. Jim Wood, director of the University of Utah Bureau of Economic and Business Research, projects that some 16,000 Utah jobs and $826 million in home sales will be generated from the Home Run grants distributed earlier this year and Home Run 2. This translates into $44.4 million in income and sales taxes. The Home Run grants are funded by federal stimulus and administered by Utah Housing Corporation.

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