Services

CROWN PROGRAM

​​Holy Name Housing Corporation (HNHC) has constructed over 200+ single family homes rented to families willing to participate in a homeownership program. The three, four and five-bedroom homes with full basements and garages are located on scattered sites in Omaha neighborhoods.


CROWN is a home ownership incubator project. HNHC is committed to renting the single-family houses to families whose incomes do not exceed 60% of the area median income. Residents are offered homeownership/financial educational assistance that help them overcome obstacles to buying their own home.  Ideally, tenants would move from renting to homeownership within 3-5 years of beginning the program. This then frees up the rental home for another family to enter the program and our mission continues!

Eligibility for Crown

  • Your income does not exceed 60% of median income for the City of Omaha.
  • You have a minimum household income of $22,500.
  • Acceptable credit, landlord and background checks.
  • You desire to be a home owner and the willingness to attend mandatory workshops on maintenance and homeownership.
  • You need time to save for the cash requirements of purchasing a home.
  • You want to contribute to neighborhoods, so they are a good place to live.

Benefits of Crown Program

Opportunity to rent newer homes at an affordable cost of approximately $550 to $650 a month.

Opportunity to save for home ownership. A portion of monthly rent is placed in a homeownership assistance fund that will assist in purchasing a home.

Opportunity to receive education essential to sustaining home ownership such as: budgeting, credit, home maintenance, and addressing neighborhood issues

OUR WAITLIST FOR THE CROWN PROGRAM IS CLOSED – We are no longer accepting applications for the program at this time.

AFFORDABLE SENIOR HOUSING

HNHC identified the need for senior housing in the area as the population is aging and many households are unable to continue to live in and care for their homes.  HNHC has built and currently manages the following for low income seniors in Omaha (55 and older): Leo Vaughan Manor 37 units, Fontenelle Cottages 12 units North Omaha Senior Cottages I & II (44 units) on the campus of the old St. Richard's school and home to HNHC's corporate offices, Adams Park Senior Cottages 18 units.

Eligibility for Affordable Senior Housing

  • Your income does not exceed 60% of median income for the City of Omaha.
  • You have a minimum household income of $16,094.
  • Acceptable credit, landlord and background checks.

SENIOR HOUSING SUPPORTIVE SERVICES

Supportive services available to HNHC's senior tenants provided at the North Omaha Intergenerational Campus (collaboration with HNCH and Heartland Family Service (HFS)) include:  Charles Drew Community Health Center services, Heartland Family Service Generations Center with meals and other activities and individual counseling from HNHC's Director of Supportive Services as needed.

OUR WAITLIST FOR AFFORDABLE SENIOR HOUSING IS CLOSED – We are no longer accepting applications for the program at this time.

SHARED EQUITY PROGRAM

The intention of the SEP program IS to provide housing for those making over our current target market (60% area median income).  The concept of "sharing the equity" is similar to the rent to own aspect of the Crown program. A portion of the tenant's rent is set aside each month and held in an "escrow" account.  In year 10 of their tenancy, the tenant is "vested" in the escrow account and can access the escrow funds to purchase another home or use for credit issues that may hinder them from purchasing a home now or in the future.  After 10 years in the home, the tenant can exercise their right to purchase the SEP home they are residing in. The escrow account is used for down payment and other costs associated with the purchase of the home.

The SEP program differs from Crown by serving higher income individuals and by using the rental experience as teachable moments.  For instance, when taxes and/or insurance on the home increase, the rent increases (as a mortgage will). The tenants are also responsible for minor maintenance items around the home.

  • Your income does not exceed 80% of median income for the City of Omaha.
  • You have a minimum household income of $22,500.
  • Acceptable credit, landlord and background checks.
  • You desire to be a home owner and the willingness to attend workshops on maintenance and homeownership.
  • You need time to save for the cash requirements of purchasing a home.
  • You want to contribute to neighborhoods, so they are a good place to live.

OUR WAITLIST FOR OUR SHARED EQUITY PROGRAM IS CLOSED – We are no longer accepting applications for the program at this time.