During the Utah State Senate 2023 General Session, President J. Stuart Adams led an initiative to help qualified individuals and families in the Uintah Basin and beyond with their first home. The initiative sponsored and passed S.B.240 the First-time Homebuyer Assistance Program. The program started on Tuesday, July 11th. Those that qualify can apply for a loan up to $20,000 dollars to buy down interest rates, apply funds towards a down payment or pay closing costs on a first home. President Adams stated, “My goal is to help Utahns live the American dream and build equity for their future. It’s imperative that we make homeownership possible in our state. I am excited for Utahns to use the program to get out of apartments and into homes.” Funds will be made available to qualifying applicants on a first-come-first-serve basis.
