Unlocking Homeownership in Davis County: A New Path with Down Payment Assistance
Making the Dream of Owning a Home a Reality In the face of soaring home prices, which have risen by an eye-opening 87.6% from 2018 to 2022 in Utah, Davis County is taking a stand to support its residents. With wages only increasing by about 11% statewide, the disparity between income and the cost of housing has made homeownership an elusive dream for many low to moderate-income families. This is why Davis County's Community and Economic Development has launched an innovative Homeownership Assistance program aimed at bridging this gap. A Helping Hand Up to $50,000 The program offers a one-time homeownership assistance loan of up to $50,000 to help reduce the primary mortgage needed, thereby making monthly payments more affordable. This loan carries a minimal 1% interest and is repayable…