Housing Authority backs 168-unit Lincoln View project on Rasmussen Road

The proposed Lincoln View development would place apartments and commercial space on the east side of a 23-acre Rasmussen Road property and for-sale condominiums on the west. The conceptual plan has not received land-use approval. Photo: Crisco Development/Summit County

The proposed development would include 60 affordable condos, 108 apartments and space for a child care center

PARK CITY, Utah — The Summit County Housing Authority has endorsed a proposed mixed-use development that could bring 168 homes, including 60 affordable condominiums, to Rasmussen Road near Kimball Junction.

Monday, July 20, the board directed staff to prepare a letter supporting the Lincoln View development. The letter could accompany the project’s future application to Summit County.

The endorsement does not constitute land-use approval. Lincoln View would require a rezoning and review by the Snyderville Basin Planning Commission before the Summit County Council makes a final decision.

Crisco Development owner Vincent Criscione is proposing the project on 23 acres at 2400 Rasmussen Road, between Summit Self Storage and the Park City RV Resort.

According to materials submitted to the Housing Authority, the development would be constructed in two phases, beginning with 60 deed-restricted condominiums on the western portion of the property.

The condos are proposed as two-bedroom, two-bathroom units measuring about 975 square feet. They would be spread among five three-story buildings and sold to households earning no more than 80% of Summit County’s area median income.

Criscione said the unit mix could be adjusted to include 15 three-bedroom homes, but doing so would require additional financial assistance or another partnership.

The developer estimates that a two-bedroom condo would sell for about $400,000 under current conditions. The homes would carry a 60-year deed restriction, an owner-occupancy requirement and a 3% annual cap on resale appreciation.

Qualifying buyers could potentially use Utah’s first-time homebuyer assistance program, which offers a $20,000, zero-interest loan toward the purchase of certain newly constructed homes priced below $450,000.

Criscione has proposed pairing that assistance with a Utah Housing Corporation shared-equity program. Under the developer’s example, a buyer who sold after five years could retain about $62,475 in equity after paying the remaining mortgage, repaying the down-payment loan and sharing a portion of the appreciation with the housing corporation.

The second phase would add 108 rental apartments and about 30,000 square feet of commercial space and resident amenities on the eastern side of the property.

The proposed apartment mix includes studios and one- and two-bedroom units. The number of units at each affordability level has not been finalized, but Criscione said the development could include apartments serving households earning 50%, 80%, 100% and 120% of the area median income, along with market-rate rentals.

The developer said the rental phase would include more affordable housing than the minimum required under the Neighborhood Mixed Use-1 zoning he plans to seek.

Mountain Sprouts Children’s Center is identified as a prospective tenant. Plans also include a clubhouse, resident amenities, a mobility hub, trail connections and parking for a Basin Recreation trailhead.

Criscione told the authority that the condominiums would be built and sold before construction began on the apartments and commercial space. The second phase would help support the financial viability of the overall development.

The Housing Authority first reviewed Lincoln View on June 15. Board members discussed the project’s layout, parking, transportation access, unit mix, phasing and proposed reductions to setback requirements along Rasmussen Road and East Canyon Creek.

Project documents describe Lincoln View as an all-electric development with bicycle, transit, trail and recreation connections.

In a follow-up memo, Criscione said the site offers access to Jeremy Ranch, Kimball Junction and nearby interstate connections. He said a transportation study commissioned by the developer found that the surrounding road network could support the project. That analysis would be subject to independent review during the county’s land-use process.

The property is currently zoned Rural Residential and Hillside Stewardship. The developer is considering a request to rezone it to Neighborhood Mixed Use-1.

The proposal comes as Summit County works to address a housing shortage estimated at about 7,600 units. As TownLift previously reported, the Housing Authority’s strategic plan sets a goal of helping create 1,500 affordable homes by 2036, with a focus on housing for households earning between 40% and 80% of the area median income.

Lincoln View would also join several housing proposals advancing in the Kimball Junction and Jeremy Ranch area. Those include Junction Commons, a proposed 433-unit redevelopment of the former Outlets Park City property, and the county-led Cline Dahle workforce housing project near Jeremy Ranch Elementary School. Both have prompted broader discussions about whether affordable housing benefits justify additional density and traffic impacts.

The proposal has not yet been formally submitted to the Summit County Community Development Department. Once an application is filed, the county would review issues including zoning, transportation, water, sewer, environmental impacts, and infrastructure capacity.

Housing Authority policy allows the board to review proposed affordable and attainable housing projects before formal land-use applications are submitted. Its support remains advisory and separate from any future decision by the Planning Commission or County Council.