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.

Child drawing house chalk on street

GMHF creates $25M fund to preserve unsubsidized affordable housing

After years of watching the Twin Cities' affordable housing market grow increasingly tight, a group of affordable housing advocates, nonprofits and private companies has decided to take the problem into its own hands. The Greater Minnesota Housing Fund, a nonprofit affordable housing lender, is developing the nation's first regional pool of money to help buyers [...]

MinnPost photo by Jana Freiband

How luxury apartments in Uptown affect low-income tenants in Frogtown

Crossroads at Penn in Richfield and Meadowbrook Manor in St. Louis Park were middle-aged apartment complexes that offered a large supply of what has become known as naturally occurring affordable housing, NOAH for short. They aren’t public and they aren’t subsidized, but their owners did accept state and federal housing vouchers that helped low-income tenants [...]

Gov. Mark Dayton

Dayton announces $80M in affordable housing investments from MN Housing, GMHF & co-Funders

Joined by Minnesota Housing Commissioner Mary Tingerthal and community leaders, Governor Mark Dayton today announced $80 million in funding to create and preserve 1,831 affordable housing units throughout the state. These investments will leverage private and local resources to support $300 million in total development costs and support more than 2,800 jobs. “This funding will stimulate [...]

sold-out-meadowbrook-manor

Report: Investors upgrade apartments, displace renters

Apartment sales in the seven-county metro increased 165 percent between 2010 and 2015, according to the report, which analyzed data from Marquette Advisors, CoStar and Finance & Commerce’s Twin Cities Apartment Sales Tracker. Many units – often in Class B or Class C buildings – are being refurbished, rebranded and leased for more than the [...]

Dana and Jeff, residents, speaking at event

Beacon Hill supportive housing community opens in Grand Rapids

The idea for the 48 new homes and supportive services for low-income individual and families, as well as formerly homeless and disabled individuals came out of the 18-month Housing Institute co-hosted by GMHF and the Minnesota Housing Partnership. Itasca County HRA worked closely with a close-knit group of project partners which included the Minnesota Department [...]

ax117_746b_9

Hot market for buyers is driving loss of affordable rentals in Twin Cities

It seems not a week goes by lately without news about low-income tenants forced to move when their landlord sells their apartment building to investors. A new report offers numbers behind those anecdotes, illustrating a major shift in the local rental market. In “Sold Out,” released this week, the Minnesota Housing Partnership found that sales [...]

concierge4x-600x330

Star Tribune editorial features GMHF’s new fund to help preserve affordable housing stock

The midrange and luxury rental housing markets are hot in the Twin Cities — largely driven by demand from those earning $50,000 or more a year. They have the means to live in the new and renovated, amenity-filled buildings that are quickly rising across the metro area. Yet as more upscale rental buildings open, fewer [...]

North House Folk School, Grand Marais

MN Housing, USDA Rural Development, DEED & GMHF co-host North Shore regional dialogue

For full story and radio news coverage, visit the WTIP website. Housing forum at North House builds framework for action Mary Tingerthal is the Commissioner for Minnesota Housing Finance Agency, an organization that strives for safe, decent and affordable housing across the state. During a forum held Monday, Sept. 19 at North House Folk School [...]

Colorful banner image featuring the skyline that you might typically see in a small city or town in Greater Minnesota.
Subscribe to Updates

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

GMHF is a Partner You Can Trust