July 1, 2025
Exciting news! When you add an ADU (apartment) to a new home purchase, you can now get a GRANT up to $70K as a down payment. It sounds too good to be true, but it isn't. The Attainable Housing Agency (AHA) under the state of Utah is partnering with Fieldstone to fund the construction of Accessory Dwelling Units (ADUs). They have a streamlined solution to increased equity in your new home so check it out!
How The GRANT Works:
Key Benefits for Buyers
- Expand your buying options with an increased down payment (up to $70K)
- Save up to hundreds of dollars a month by potentially eliminating PMI
- The Affordable Housing Agency (under Utah) will manage the property
- Gain immediate long-term value
ADU Financing provides Down Payment Support:
- AHA provides funding toward ADU construction
- Approved with standard mortgage pre-qualification
- After 10 Years, the ADU is yours and the Trust Deed is removed
- You can refi or sell your property prior to 10 years by paying off the prorated balance
Streamlined, Turnkey ADU Management
- No renters to manage - AHA leases and manages the ADU for you
- AHA handles tenant placement, repairs, and vacancies
- You receive net monthly cash flow (est. $200/mo)
- You can recommend a renter for the unit to AHA
Want to learn more?? We are here to help! Reach out by call or text today! 385-481-5468
