Realtors Give $5,000 to First-Time Home Buyer
American Dream Grant Awarded
- Salt Lake Board of Realtors® has awarded four American Dream Grants.
- American Dream Grant makes the difference in qualifying for a mortgage.
SANDY (Nov. 13, 2019) – The Salt Lake Board of Realtors® today awarded a $5,000 American Dream grant to Bogar Vega, a 21-year-old electronics technician in the Utah Army National Guard.
“The American Dream Grant is an initiative started this year to help first-time home buyers with down payment assistance,” said Scott Robbins, president of the Salt Lake Board of Realtors®. “Salt Lake City home prices have increased nearly 50 percent over the past five
years. These grants often make the difference in whether someone will qualify for a mortgage.”
Four grants – amounting to $20,000 – have been awarded in 2019 by the Salt Lake Board of Realtors®. The grants were given to school teachers, first-responders, single parents, and veterans.
“The challenge for many military members and veterans is finding houses that are within their loan limits,” said Frank Coley, a licensed broker with Porchlight Homes and Land, and who represents Vega. “This grant is life changing for Bogar and gives him the ability to buy a home.”
About the Salt Lake Board of REALTORS®
The Salt Lake Board of Realtors® is the Wasatch Front’s voice of real estate and the No. 1 source for housing market information. Established in 1917, the Salt Lake Board of Realtors® is a leader in protecting private property rights. As Utah’s largest real estate trade association, the Salt Lake Board of Realtors® assists its members to better serve the public through continuing education, advocacy and a professional code of ethics.