Homium Announces Leadership Transition and Expanded Product Offering

Marcus Martin Promoted to CEO, Mike Chu to President as Homium Accelerates Mission to Make Homeownership More Affordable and Accessible

NEW YORK, April 3, 2025 /PRNewswire/ -- Homium, a pioneer in sustainable homeownership financing, today announced a strategic leadership transition to support its accelerating growth in developing innovative down payment assistance programs. Marcus L. Martin II has been promoted to Chief Executive Officer.  Mike Chu, who has served as Chief Technology and Operations Officer, has been named President. Tommy Mercein will transition to Vice Chairman focusing on government and institutional relations and will continue to serve on the Board of Directors.

The leadership changes coincide with the company expanding its product offerings to include down payment assistance programs for state and municipal entities such as Housing Finance Agencies (HFAs), non-profits, and other sponsors seeking to make homeownership affordable again. In January, Homium began fundraising for the Utah Dream Fund, a down payment assistance program targeting first-time homebuyers in the state. The company has several similar programs in development in other states.

"Having found product-market fit with our shared appreciation financing model, we're now poised to scale our impact through strategic partnerships with municipalities, Housing Finance Agencies, and Community Development Corporations," said Martin. "I'm honored to lead Homium through this next phase of growth as we work to bridge the homeownership affordability gap for first-time homebuyers and historically underserved communities."

Martin, who joined Homium in November 2024, brings over 25 years of experience in social impact and financial innovation. As the former Managing Director and Head of ESG Advisory & Digital Assets at U.S. Bank, he led pioneering initiatives including the ESG/Social Racial Equity Bond program which provides market-based liquidity for affordable and workforce housing.

As President, Mike Chu will leverage his extensive fintech and capital markets expertise to oversee Homium's business, operations and technology. Prior to joining Homium in April 2023, Chu served as SVP Engineering at Peridot Financing Solutions and previously held leadership roles at Bloomberg LP, where he was Head of Engineering at Bloomberg Indices.

"Homium's DPA program model represents just the beginning of what's possible when innovative financing meets mission-driven capital," said Chu. "Our end-to-end platform enables us to efficiently scale these programs while maintaining the transparency and accountability that our partners demand."

Tommy Mercein, who has served as CEO since 2022, will continue to play a vital role as Vice Chairman, focusing on expanding Homium's relationships with government agencies and institutional investors.

"I'm proud of what we built at Homium and I believe Marcus is the right leader for this stage of our business. We have developed a fair and transparent solution to affordable homeownership that aligns interest with outcomes, and leverages capital to enable the next generation of homeowners to afford housing and build wealth for their families."

About Homium

Homium bridges the homeownership affordability gap through shared appreciation financing that requires no monthly payments or interest, making homeownership more affordable and sustainable. Homium's financing is fair, transparent, and simple, and enables mission-driven organizations such as not-for-profits, foundations, municipalities, and employers to serve more people and create generational wealth in communities across the United States.

For more information, please visit https://www.homium.io.

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SOURCE Homium, Inc.