Own
HOME OWNERSHIP
FACT SHEET
What is the Homeownership Program?
CROWN (Credit-to-OWN) was created by Utah Housing Corporation (UHC) in 1993 to provide homeownership opportunities to working Utah families across the State of Utah. UHC has built over 313 CROWN homes around the state in partnership with local housing authorities and non-profit housing providers.
UHC is an independent public corporation of the State of Utah. UHC’s mission statement is “Serving Utah’s housing needs through finance and innovation”. CROWN is one way UHC accomplishes this goal.
CROWN addresses the needs of people who find that rent is too high, places aren’t available, and/or poor credit prevents from purchasing a home.
CROWN is a 15 year rent-to-own program. The home is available for purchase by the household living in it when the home reaches the end of a 15 year compliance period. The home is available for purchase at a discounted price.
The local partner for this project is: Tooele County Housing Authority
In addition to income limitations, HUD also sets limitations on rents for a given county. Being that the CROWN program is funded with Low Income Housing Tax Credits (LIHTC) funds, the rents are subject to these rent limitations and therefore, rent amounts do not typically increase as often or for as much as a market rent can.
The following items will be checked in order to qualify for this program.
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Credit Check
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Background Check
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Work History
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Housekeeping (home visit)
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Homeowners Education Class Required Before Entry
Because your home is financed with LIHTC funds, the owner has to follow certain compliance requirements set by the Internal Revenue Service (IRS). As such, there will be:
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Annual Leases and Income Certification
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Inspections (Uintah Basin Assistance Council and Utah Housing Corporation)
Also, keep in mind the following:
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No Business Out of Your Home
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No Trampolines
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Lawn Care
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General Maintenance
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Everyone over age 18 must sign the application (income needs to be counted).
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Application does not guarantee a house (if qualified but not selected, you can be put on a waiting list).
Download the Waiting List Form and return application to:
Tooele County Housing Authority
66 W. Vine Street
Tooele, UT 84074
Phone: (435) 882-7875
If you are selected, you will be given a minimum of 30 days notice before move in date.
A security deposit is equal to one month’s rent – must be paid before move in date.
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Everyone over the age of 18 must complete a Homeowners Education class prior to occupying the home.
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We recommend you get Renters Insurance to cover your personal belongings inside the house in case of any damage.