CROWN: Rent to Own Homes


CROWN: Rent to Own Homes

CROWN enables qualified people to lease a home at a very affordable rent while earning financial credit towards the possible purchase of that same home.  CROWN was developed by the Utah Housing Corporation to address the housing concerns of rural and metropolitan communities in a way that would involve the local community and the private sector and would foster desirable stable living situations.  The CROWN name is derived from the phrase “CRedits to OWN”.

 

Fifteen years after a CROWN Home is initially occupied it may be sold to a qualified buyer.  The sale price of a CROWN Home will be determined by the remaining principal and interest owed on the property, taxes and other property and project costs incurred by the Owner.  This price may be less than the market value of the home at the time it is sold.  The difference between this sale price and the market value is the equity you may be eligible to receive if you are occupying the home at the time it is offered for sale and you purchase it.  This potential equity is a benefit you may receive as a CROWN participant which you would not expect to receive through a standard rental arrangement.

We currently have homes in Monroe, Ephraim, Mt. Pleasant, Moroni, Nephi, Fillmore, and Delta.

For available homes, please call 435-893-0743 or 435-893-0748

 

How to apply:

Complete an application and submit it to

Six County AOG

CROWN

PO Box 820

Richfield, UT 84701

OR

Fax: 435-893-0750

OR

Email: pmorrison@sixcounty.com