Community Development Corporation of Utah

Serves as a community development corporation for Utah, assisting with housing related community assistance.

Homebuying experts lead the HomeStart Series workshops, providing personalized housing counseling to first-time home buyers. Eligible program participants may qualify for 3:1 savings opportunity, allowing them to sae up to $2,500 and receive up to $7,500 in marching funds for a total of $10,000 that goes toward their first home.  Matched funds must be used toward the purchase of a first home within one year of completing the program, and participants always retain access to their personal savings, even if they do not complete a home purchase.  

Homium and the Utah Dream Fund offer first-time Utah homebuyers a Shared Appreciation Mortgage (SAM) for down payment assistance. This provides a silent second mortgage with no interest and no monthly payment. The loan is repaid as a fixed share of the home's value when the owner sells or refinances, helping first-time buyers afford homes with lower monthly payments.

Equips individuals and families to become and remain successful homeowners. Provides specific counseling for families facing foreclosure.

Provides a Smart Start financial class that can teach individuals and families how to create a budget, manage credit score, manage debt, and set financial goals. Available in a 4-step program or as individual one-on-one coaching sessions.

Lists and sells low-cost rental units for individuals or families in need.

The Relocation Assistance Fund for Tenants (RAFT) provides funding for low-income renters in Salt Lake City who are displaced because of the demolition of their housing, a major renovation or rehabilitation of their housing, change of use of their housing (owner moving in, change to business use, etc.) or expiration of income or rent restriction on housing.