NEW, AFFORDABLE RENT-TO-OWN TOWNHOMES AVAILABLE IN SUMMIT COUNTY, UTAH.
Habitat for Humanity of Summit & Wasatch Counties is processing applications for the Wasatch Back Affordable Housing, Inc. lease-to-own project.
Apply Now. Deadline for applications is May 17, 2024.
Questions can be directed to 435-658-1400 x1005 or programs@habitat-utah.org.
learn more:
THE SILVER CREEK VILLAGE DEVELOPMENT
Silver Creek Village is a master planned community in Summit County, located on the southeast corner of Highway 40 & Interstate 80. The Silver Creek Village community features:
- Affordable, attainable and market rate housing
- A mix of apartments, condominium, townhomes, and single family units
- Parks, including a dog park, playground, splashpad, and sports fields
- 150 aces of open space with trail system
Silver Creek Village is located in the South Summit School District.
THE CROWN TOWNHOMES
Each townhouse has 3 bedrooms and 1.5 bathrooms, and measures approximately 1,580 square feet with a two-car tandem garage. Rents are approximately $1,820 per month. The homes are located at:
- 1307 Village Green Trail
- 1315 Village Green Trail
- 1329 Village Green Trail
- 1337 Village Green Trail
TENANT SELECTION - INCOME
| Household Size: | Income Cannot Exceed: |
|---|---|
| Two Person | $67,320 |
| Three Person | $75,735 |
| Four Person | $84,150 |
| Five Person | $90,915 |
| Six Person | $97,625 |
Summit County Deed Restriction
UNITS HAVE A DEED RESTRICTION FROM SUMMIT COUNTY THAT REQUIRES:
- At least one person employed full time at a business (or businesses if multiple part-time jobs) located in Summit County. “Full time” is defined as working for a business or businesses located in Summit County a minimum of 1,560 hours per year (or approximately 30 hours per week), or if self-employed, the person must be registered as a business entity in the State of Utah, have a current Summit County business license, and provide substantial goods and/or services within Summit County; OR
- At least one person being a retired person who was a full-time employee of a business located within Summit County for at least two continuous years immediately preceding his or her retirement; OR
- At least one person unable to work due to a disability.
Additional Summit County deed restrictions may apply.
HOW TO APPLY
frequently asked questions
What is CROWN?
- CROWN is a 15 year lease-to-own program
- Tenants must meet income and workplace qualifications to enter the program
- Homes remain rental units for 15 years
- A deed restriction is recorded on the home
What are the benefits of the CROWN Program?
- Below market rents set by U.S. Department of Housing and Urban Development (HUD). Rents may change but will always remain affordable.
- Tenants have time to establish income, build credit and save for a down payment.
- Tenants build Occupancy Credit (equity) throughout the rental period.
- The occupying tenant has the first right to purchase the home.
What income should be included on my application?
- Income sources should include:
- Income from anyone 18 years or older
- Employment and unemployment wages
- Child support and alimony
- Reoccuring gifts
- Interests and dividends
- Future raises, bonuses, and increases may be considered.
- Do not include:
- Food stamps or WIC
- Section 8 funds
- Foster care income
- Non-reoccuring gifts
- One-time lump sum payments
Please disclose all income on your application.
What other factors may considered in my application?
- Credit check
- Criminal background check
- Income and employment verification
- Rental history
- Home inspection
Are pets allowed?
- Pets, excluding service animals, are not permitted in CROWN homes.
