St. George – it’s Friday, January 22 here in sunny southern Utah, and for those would-be homeowners that have more energy than cash, Self-Help Homes, a government-backed agency within the US Department of Agriculture, is looking for a few families in southern Utah that would like to earn their chunk of the American Dream. And as I stated a few days back when summarizing the Washington County Economic Summit, Utah’s economy for 2016 looks robust – at least according to the governor’s economic report.
Those are two of your Friday St. George headlines… at least the ones I care about, now let’s flesh out some facts.
“Self-Help Homes and a Strong Economic Forecast Benefit Southern Utah’s Residence“
Self-Help Homes, a government-funded nonprofit organization is seeking families in southern Utah who would like to trade their sweat equity for a chance to earn a little piece of the American dream – homeownership… but lack the necessary financial backing to qualify for a traditional mortgage. While these low-interest loans are available for those who qualify, there is one other ingredient necessary – lots of hard work. By pulling up their bootstraps and putting in some sweat equity, i.e. doing the lions share of the work required to build a modern home, Washington County residents can now qualify for a low-interest loan via the Self-Help Homes program administered by the US Department of Agriculture. New home, new friends: not only will participants in the Self-Help Homes program build their own new home, participants cultivate long-lasting friendships with other families and form a solid sense of community. Self-Help Homes is currently looking for at least six families to build on lots in Toquerville and LaVerkin.
Utah’s financial might that characterized fiscal 2015 is anticipated to continue its winning streak throughout 2016, according to the Gov.’s office of economic development. The new report prepared for Gov. Herbert, by the Utah Economic Council, anticipated vigorous economic growth, featuring a strong labor market and an ever-increasing influx of new residents moving into the Beehive State during 2016. Released Wednesday, the 2016 economic forecast was presented to Gov. Herbert during the SLC Chamber’s annual Utah Economic Review. Ignoring global variables, state analysts are predicting another stellar economic performance in 2016. Fingers crossed!