State Bond Effort Aimed at Jump-starting Housing Market
December 17, 2008 - The Salt Lake Tribune- Lesley Mitchell
UTAH - State officials are floating a $400 million plan designed to jump-start the economy by helping more Utahns get loans to buy the growing number of homes languishing on the market, especially those sitting vacant. But whether such an effort, funded by selling taxable bonds, can be pulled off in today's recessionary climate remains to be seen. And some worry that it would do little to whittle away at the glut of unsold homes along the Wasatch Front, most of which are in higher price ranges that most Utah families can't afford based on their incomes. More...