Greater Minnesota Housing Fund supports the creation of strong communities and affordable homes through strategic investments and effective partnerships.

Impact & Insights: The Latest from GMHF

Be informed. Be inspired. Learn about the latest in affordable housing in Minnesota.

Group seeks Clinic’s help with affordable housing

Randy Petersen reports in the Post-Bulletin that group of 40 to 50 local residents asked Mayo Clinic to lead in an effort to raise $60 million during the next five years to help create affordable housing in Rochester. In a letter to Dr. John Noseworthy, CURE — Communities United for Rochester Empowerment — also asked [...]

Medford

Addressing Medford’s housing shortage

Three Rivers has been invited to investigate a solution to address the Medford housing shortage, reports Annie Harman in the Owatonna People’s Press. Sandwiched in between two large, workforce cities, the City of Medford is for many workers an appealing option in which to settle down. But, despite the quiet neighborhoods and stress-free commute, the [...]

New Minneapolis Housing Community Provides Hope for Veterans Struggling with Homelessness

An important milestone was reached today in helping end homelessness among military veterans in Minnesota with the opening of Veterans East, a new 100-unit apartment community adjacent to the Veterans Hospital near Fort Snelling. During a ribbon-cutting ceremony, newly moved-in veterans, many of whom have struggled with homelessness, thanked community leaders and development partners for [...]

Albert Lea

Albert Lea offers tax abatement program to spur housing development

Market-rate housing is needed in Albert Lea, so the city has committed to provide incentives for construction of new owner-occupied and rental residential housing units within the City of Albert Lea. There is a shortage of housing options available for current residents and those being recruited to come to Albert Lea. Under the new program, any [...]

GMHF receives $10M in eight-party, $145MM bond issue

For the second time, small to midsized lenders, with total assets as low as $28 million, are participating in the U.S. Treasury Department’s CDFI Bond Guarantee Program, an innovative financing program that provides long-term, fixed rate loan capital to lenders serving underserved areas of the country. Opportunity Finance Network’s (OFN) $145 million bond issue involving [...]

Beacon Hill

Beacon Hill named a “Top Project of 2016”

Beacon Hill grew from a partnership between Itasca County Health and Human Services, Itasca County Housing and Redevelopment Authority, GRACE House shelter, Northland Counseling Center Inc., the Minnesota Department of Corrections, Itasca County Probation and KOOTASCA Community Action. With 20 apartments and 28 townhouses, Beacon Hill serves a diverse mix of more than 120 tenants [...]

In making a play for Amazon, would we be selling our souls?

The seduction of the brogrammers has begun. Across the Twin Cities, from Arden Hills to Shakopee, city planners are huddling with developers and Mad Men to put together the biggest “welcome basket’’ the state has ever seen. The basket will include “incentives to offset initial capital outlay and ongoing operational costs,” or as a favorite [...]

Seasons Park in Richfield

Latest way local governments are trying to combat the Twin Cities’ affordable housing crisis

Two apartment complexes in Richfield tell the story of one way local governments are trying to maintain the region’s supply of privately owned affordable housing. One of those complexes, Crossroads — which is now called the Concierge — has been undergoing a significant renovation since being purchased in 2015 by new owners. Many tenants, along [...]

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Contact

Greater Minnesota Housing Fund
332 Minnesota Street
Suite 1201-East
Saint Paul, MN 55101

Main 651.221.1997
800.277.2258
Fax 651.221.1904
info@gmhf.com

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