URBAN RENEWAL: Ogden's $20,000 Historic Home Grant Program

Have you ever seen some of the classic historic homes in Ogden and thought that it would be a great experience to buy and restore one of these properties?  Have you been discouraged by the fact many of the homes have been subdivided into endless small rental units?  Has the high price of purchasing an "income property" just so it can be turned back into a home been just too much to stomach?

If so, then there is good news for you.  Ogden City has recently been approved to receive special funds from the State in order to promote unit reduction and the restoration of Ogden's beautiful older homes.

The program will provide $20,000 for every rental unit that is eliminated in a property that was built originally as a single family residence.  For example, if the home is a 4-plex, $60,000 would be available to the buyer to renovate the property.  If the home is a duplex, $20,000 would be available to pay for the conversion.

Here is how the program works:

1. You need to be an owner occupant, meaning that you intend to live in the home when work on the home is complete.  
2. You need to make an offer on a multi-unit home that is located between 20th Street and 27th Street and Washington Blvd. and Monroe Blvd.
3. You need to fill out the city application and worksheet to make sure there are sufficient resources to complete the project.     
4. Close on the purchase of your property and begin work!  

There are plenty of properties in the target area for sale to choose from.

If you would like to learn more about this exciting opportunity to restore a historic home, CONTACT ME, and I can get you all the city forms and details on the program.