Mark and Kathie Miller Foundation

About the fund

The Utah Dream Fund is a public-private blended finance vehicle providing down payment assistance and shared appreciation financing to qualified first-time homebuyers and working families in Utah. Structured as interest-free second mortgages through the Homium platform, the fund's notes eliminate upfront costs while deferring repayment until property sale or refinancing, reducing barriers to homeownership. The fund targets a total capitalization of $20 million and has secured commitments from Utah's Department of Workforce Services, the Mark and Kathie Miller Foundation, the Garbett Family Foundation, and Sorenson Impact. Investors may direct allocations toward thematic objectives, including energy-efficient housing initiatives and geographic focus on underserved communities such as South Salt Lake and Millcreek. The fund is structured to appeal to family offices, foundations, and government grant-making agencies seeking real estate-linked impact investing with measurable economic inclusion outcomes.