Home Sweet Rocky Mountain Homes Fund

Home Sweet Rocky Mountain Homes Fund

The Rocky Mountain Homes Fund Solution

At RMHF, we’re committed to offering our Path to Homeownership to as many working professionals as possible. We invest resources and work with individuals, their employers, and investors to help provide long-term solutions that not only make homeownership possible for Utah’s workforce, but also increase quality of life by creating—and strengthening—stable households, communities, and economies.

Employers / Investors

  • Offer a unique benefit to your current and future employees – no down payment and affordable rates on a home
  • Help employees build financial stability
  • Incentivize employees to come and to stay
  • RMHF takes on the administrative work
  • Minimal business time-commitment

  • Works with employers to customize program
  • Manages entire onboarding process, from application to move-in
  • Provides all participant support services
  • Performs all property management

Employees

  • Eliminate the need for a down payment
  • Long-term, stable monthly payments
  • Build stability
  • Build a better financial future
  • 10-year program term
Employers / Investors
  • Offer a unique benefit to your current and future employees – no down payment and affordable rates on a home
  • Help employees build financial stability
  • Incentivize employees to come and to stay
  • RMHF takes on the administrative work
  • Minimal business time-commitment
Rocky mountain homes fund
  • Works with employers to customize program
  • Manages entire onboarding process, from application to move-in
  • Provides all participant support services
  • Performs all property management
Employees
  • Eliminate the need for a down payment
  • Long-term, stable monthly payments
  • Build stability
  • Build a better financial future
  • 10-year program term

Building a foundation for the future

Protecting the dream of homeownership has never been more important. That’s why it’s our goal to make sure it remains accessible to working professionals.

Fortunately, we’ve got a plan—and a fund.

What’s the problem?

Utah’s rapid population growth is projected to continue—and so are its housing costs. Despite a flurry of recent development and new construction, demand is expanding faster than supply can keep up. This, in turn, is leading to the lowest vacancy-for-homes rate in the nation, as well as making it increasingly difficult for many to find and afford a quality home.

In fact, almost every year over the past decade, Utah’s rental prices have shot up 5% to 7% a year with the average rent for a 1-bedroom apartment in Salt Lake City sitting at $1,771.* Likewise, the cost of purchasing a home in Utah has skyrocketed with median home prices increasing by 15.4% in 2020 and even further in 2021.**

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Who’s affected?

The short answer is Utah’s housing issues affect everyone. Many people simply don’t have the income necessary to keep up with rising housing costs—or they’re stretching themselves thin to make payments.

Employers are also struggling to hire the workforce needed to grow their businesses—in many cases because prospective employees can’t find housing within a reasonable commuting distance.

Similarly, Utah’s ability to recruit companies to locate or even remain in state could be adversely affected if reasonable housing solutions aren’t established.

Want to become a partner?

We’re ready if you are.

Become a partner

You don’t have to look hard to find success stories—and we’d love nothing more than to share some of ours.

“Both as lenders and investors, we believe that an inclusive economy is critical for our future. We have a set of guiding principles that creates value for the community and actively work with peer organizations that invests in the future. The Rocky Mountain Homes Fund program embodies innovation, sensibility, cost-effectiveness, and a common-sense approach. We are proud to be part of their team.”

Scott Anderson, President and chief executive officer - Zions Bank

“Intermountain Healthcare is proud to be a partner of Rocky Mountain Homes Fund. Their innovative approach to addressing long-term housing needs is well aligned with our efforts to address the social determinants of health in the communities we serve. Likewise, RMHF addresses a gap in the market by enabling families to purchase homes and build wealth through home equity, thereby providing essential workers with the stable foundation they need to achieve financial wellness and an improved quality of life.”

Nick Fritz, Intermountain Healthcare – Impact Investing Director

“We applied in late March and were moved in by the first of June. It’s nice to know we’re in a place we could be in until our kids are teenagers.”

Abigale R., Weber School District – Participant

“I strongly support the Rocky Mountain Homes Fund program. This unique, non-profit pathway to homeownership is ideal for many of our teachers—who otherwise wouldn’t be able to afford a down payment, let alone a monthly mortgage. We’ve seen evidence that the teachers who are able to get into stable, affordable housing are far more likely to stay in the teaching profession and remain in our community.

RMHF is an exceptional solution. I would encourage everyone to learn more about how they work and, more importantly, how partnering with them can benefit your organization and employees.”

Jeff Stephens, Weber School District – Superintendent

“Rocky Mountain Homes Fund worked so fast for me and my husband. They had our best interests at heart and answered all our questions. Because we were able to get into a home sooner than if we had done it completely on our own, so many new doors have been opened to us. RMHF gave us an amazing opportunity that would never have been possible otherwise. We’re so grateful for them and their amazing team.”

Kayla and Kaden N., Weber School District – Participant

“The whole process was seamless. We worked with a great team that took care of us from start to finish.”

Kevin R., Weber School District – Participant

“Having just graduated from college, we didn’t have anywhere to live. I knew there was no way we could afford a down payment or be competitive in the housing market. Luckily, I had heard about RMHF during my student teaching in the Weber School District. So, after I secured a job, I immediately contacted them. We were quickly approved and shown a house that had everything we needed. We knew right away this could be our first home and were fortunate to be able to get it.

After we moved in, we kept in close contact with our RMHF representatives. They’ve been so helpful and attentive. We wouldn’t have been able to achieve any of this without them. Our future is secure thanks to RMHF.”

Zion and Emma A., Weber School District – Participant

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