Welcome to the CROWN Program
Waiting List Application (PDF)
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
CROWN at Clark Cove, LLC
Location of project:
659 S 1050 W and 663 S 1050 W – Tooele
314 E. Clark Street and 318 E Clark Street – Grantsville
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Tooele but actual income limits may differ for units at Crown at Clark Cove.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$32,500||$37,150||$41,800||$46,400||$50,150||$53,850||$57,550||$61,250|
|Low Income (60%)||$39,000||$44,580||$50,160||$55,680||$60,180||$64,620||$69,060||$73,500|