Serving Utah’s housing needs through finance and innovation.
Relationship to the State Government: Independent State Entity
Current Staff Size: 102
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1975
UHC is established

1978
First Multifamily Bonds issued for $3.3M

1987
First LIHTC allocation for 10 projects, 564 units

1993
“CROWN” (CRedits to OWN) very low income rent to own program launched

1995
Issued record annual amount of fixed rate MRBs

2001
Second mortgages available to all borrowers for down payments/closing costs

2002
Online access to serviced loans is available to UHC borrowers
Total Financing Provided
Renters Served Since 1975
Homeowners Served Since 1975
Signature Program
CROWN (CRedits-to-OWN)
This program is a lease-to-own affordable housing program that targets households earning no more than 60% AMI. An LLC, comprised of a local nonprofit affordable housing provider and a for profit investor, is formed to own/manage the home during a 15-year rental period. A tenant will rent the newly constructed home for below-market rent. Upon the completion of the 15-year rental period, the tenant is given the option to purchase the home for the remaining debt balance owed.
Completed Homes: 400
Future Focus

David C. Damschen
Executive Director
“Based on exceedingly strong demographic, employment, and economic factors, challenges to maintaining affordability of housing in Utah are especially pronounced and likely to be of lasting duration. Utah Housing Corporation’s near-term focus is on innovation in the areas of financing and construction methods, with an emphasis on rural communities.”