Programs

Utah Dream Fund Statewide Program

The Utah Dream Fund is a statewide initiative designed to expand access to homeownership for Utah residents earning up to 140% of Area Median Income (AMI).

Serving as a general fund available across the state, the program provides flexible Shared Appreciation Mortgages (SAMs) that reduce upfront costs and lower barriers to entry for qualified homebuyers.

By bridging affordability gaps, the program empowers working-class families to purchase homes sooner, build equity over time, and participate in long-term wealth creation, helping to strengthen housing stability and economic mobility across Utah.

Millcreek / South Salt Lake Subprogram

Promise Partnership Utah, supported by Utah's Promise and United Way of Salt Lake, is proud to align efforts with the Utah Dream Fund in South Salt Lake and Millcreek — two proof-point Promise Communities — to align partners, build trust with residents, use data to guide decisions, and sustain outcomes more effectively than isolated interventions.

Homeownership within these two Promise Communities, paired with coordinated education, workforce, health, and stability supports, will reinforce successful ownership. Through access to wraparound services, households are supported beyond the transaction to sustain ownership, strengthen wellbeing, and remain stably engaged in work, school, and community life.

This subprogram is designed to expand homeownership opportunities for families purchasing in South Salt Lake and West Millcreek in these zip codes:

• 84106
• 84107
• 84115
• 84117
• 84119
• 84123
• 84124