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Michigan offering grants to help homebuyers

GRAND RAPIDS (WKZO) -- Homeowners who want to buy a new home but are having trouble coming up with the money are getting some help from the Michigan State Housing Development Authority.

Officials have unveiled a program to provide grants up to 75-hundred dollars toward the purchase of a new or existing home in an effort to jump-start the real estate market.  Called “MI Next Home,” the program is expansion of one already in place for first-time homebuyers.

Realtors note while the home sales have gotten stronger, many current homeowners are stuck because they’re reluctant to try to sell their homes due to the drop in prices during the recession.