Building Pathways to Homeownership in Nebraska: How NIFA’s CROWN Program Helps Families Flourish

Every Nebraska family deserves the chance to put down roots and build a future that lasts. For many households, that journey begins with stable rental housing — and the opportunity to grow toward something more. That belief is at the heart of the Nebraska Investment Finance Authority’s Credits to Own Program (CROWN).

CROWN transforms affordable rental housing into a clear, achievable pathway to homeownership. Instead of treating renting and owning as separate worlds, the program intentionally connects the two — helping families move from renting a home to owning a home, creating an opportunity for financial stability and long-term growth.

Learn about LIHTC & Nebraska AHTC

What Is the CROWN Program?

The CROWN Program (Credits to Own) is a NIFA initiative that bridges affordable rental housing and homeownership. It allows families to build financial strength and homeownership readiness while benefitting from stable, affordable rent.

How Does the CROWN Program Transform Rental Housing into Opportunity?

Across Nebraska, CROWN developments are more than places to live — they’re steppingstones toward owning a home. Through the program, residents gain financial stability, education, and savings tools that prepare them for ownership.

• Predictable, affordable rent that supports financial stability.
• Homeownership, maintenance, and financial literacy education led by local partners.
• The ability to save a portion of rent to fund a future home purchase.
• An opportunity to purchase the home they’ve been renting when it becomes available.

Read more success stories in NIFA's Impact Report

How the CROWN Program Works: Behind the Scenes

CROWN homes are developed using 9% Low-Income Housing Tax Credits (LIHTC), a federal resource administered by NIFA to create affordable housing throughout Nebraska. Properties in the program must maintain rent and income limits, ensuring affordability and stability over time.

During this compliance period, NIFA:

• Performs inspections and reviews tenant files regularly.
• Works closely with property owners and managers to ensure homes remain well-maintained and affordable.
• Monitors long-term affordability and readiness for homeownership transitions.

Inside the Homes: Helping Nebraskans Prepare for Ownership

• Families participate in financial and homeownership education programs.
• A portion of rent is set aside each month to help fund a down payment.
• Tenants are given a Right of First Refusal once the home becomes available for purchase.
• Maintenance reserve funds cover repairs before a sale, reducing new homeowners’ early expenses.

Building Financial Confidence Through Partnership

The CROWN model ensures homeownership remains realistic and sustainable. Property owners work with NIFA to set purchase prices that keep future mortgage payments close to current rental rates. This helps families transition smoothly from renters to homeowners without financial strain.

For developers and property managers, CROWN supports Nebraska’s housing goals, strengthens local communities, and offers measurable social impact. For families, it offers preparation, stability, and confidence on the journey to homeownership.

When Can CROWN Renters Become Homeowners?

When a CROWN home becomes available for purchase, qualified residents may apply for a mortgage through one of NIFA’s Homeownership Programs.

Program Details at a Glance

• Developed through 9% Low-Income Housing Tax Credit (LIHTC)
• Eligibility: Households earning ≤60% of Area Median Income (AMI)
• A portion of monthly rent placed into a savings account
• Right of First Refusal for qualified tenants when the home becomes available for purchase
• Required repairs completed prior to sale
• Ongoing homeownership education and financial literacy support
• Long-term affordability compliance monitored by NIFA

Get Started: Find a CROWN Home in Nebraska

To find available CROWN or NIFA-supported multifamily properties, visit Find Help Nebraska, enter your ZIP code, and select “Help Find Housing.”

To learn more about the CROWN Program, available housing developments, or NIFA’s homeownership resources, visit the NIFA website or reach out directly to our team.

Contact the NIFA Tax Credit Team

For more information about the CROWN Program or development opportunities, email our Tax Credit Team.

Together, we’re creating affordable housing options that strengthen Nebraska — supporting renters today and opening doors to homeownership tomorrow.