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Layton offers down payment help for low-income families
by Clipper
Feb 11, 2008 | 47 views | 0 0 comments | 2 2 recommendations | email to a friend | print
LAYTON (AP)--Low- and moderate-income families in Layton are getting a helping hand from the City Council.

Council members have approved a pilot project to provide down payment assistance to qualifying families trying to buy a home. Between $2,000 and $5,000 will be available to families.

Money for the program comes from a federal Housing and Urban Development department grant. A total of $45,000 is available this year.

City economic development specialist Ben Hart says that under HUD guidelines families of four earning less than $50,000 would be eligible for the program.

The program is open to both first-time buyers and to those who already own a home.

The average price of a home in Layton is just under $193,000.
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