CROWN Credits-to-Own

Credits-to-Own or CROWN is a rent-to-own program that gives tenants the opportunity to purchase their home. The rental rate and final purchase price are substantially under market value. These homes must be rented for 15 years in compliance with Utah Housing Corporation and IRS rules. Once the 15-year compliance period expires, these homes are sold at reduced price and tenants have first-right to purchase at very affordable prices compared to market value at the time. Please note: CROWN is tax-credit program that relies on private investors and has income limitations set by Utah Housing Corporation (UHC). Income limits vary by family size and property. Please visit our website for current income limits based on household size and county.

Currently, there are four homes in Summit County (CROWN at River Bluffs in Francis) and six homes in Wasatch County (CROWN at Wheeler Park in Heber) under this program. These homes are 1,300-1,400 square feet, have 3 to 4 bedrooms, 2 to 2.5 bathrooms, and a 2-car garage.

Please contact the site manager at Elmbridge Apartments at (435) 654-2066 or elmbridge@sellersgroup.net for additional information on all program details and qualifications and to be added to the waitlist.