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.

Fund aims to curb rising rents in Twin Cities

Article by Hank Long in Finance & Commerce. Last July when CommonBond Communities paid $16.3 million for the 112-unit Boulder Ridge apartments in Apple Valley, it marked the nonprofit housing provider’s entry into the market-rate multifamily category. The St. Paul-based organization — which owns and operates more than 100 properties offering affordable housing in Minnesota, [...]

Off the floor and into dignified digs – Higher Ground St Paul delivers

GMHF staff had the opportunity to tour one of the latest achievements in affordable housing and serving homeless individuals: Higher Ground Saint Paul, the new shelter and supportive housing development in downtown Saint Paul developed by Catholic Charities, under the leadership of Tim Marx, CEO. Higher Ground is an incredibly inspiring development in its scale [...]

Minnesota Partnership Helps Preserve Rural Housing

Former GMHF director of lending and programs Robyn Bipes published this article in the March 2017 issue of Community Development Investments. By Robyn Bipes, Vice President of Loan Fund and Mortgage Lending, Twin Cities Habitat for Humanity Some housing crises grab national headlines: sub-prime lending, the collapse of the housing market, or the urgent need [...]

New Realities for Minnesota’s Tax Exempt Bonding Authority for Housing

On March 2, 2017 the Family Housing Fund and Greater Minnesota Housing Fund hosted a forum with leaders of the affordable housing network. The forum covered the new realities that impact availability of federally authorized tax-exempt bonds in Minnesota. The discussion centered on a new proposal from Housing Advocates for Vitality and Equity Now (HAVEN) [...]

Minneapolis explores city loans for nonprofits to preserve affordable housing

As reported By Emma Nelson in the Star Tribune on 3/28/2017. When an affordable housing complex comes up for sale in Minneapolis, buyers who want to keep rents low could soon have access to loans from the city. The 2017 city budget includes $1.5 million to preserve "naturally occurring affordable housing," and pending City Council approval, [...]

Heading Home MN family

Student success starts with stable housing

Too many Minnesota students are struggling with homelessness. Housing instability keeps students from attending school consistently and diminishes their likelihood of achieving key measures like reading proficiency, a predictor of future success. With approximately 10,000 Minnesota children struggling with homelessness, Lt. Governor Tina Smith, state legislators, and education and child advocates highlighted the importance of [...]

Impactful Mission

As reported in the Spring 2017 issue of Affordable Housing News. For the first time, real estate buyers who wish to preserve affordable housing properties in the Twin Cities metropolitan area will have access to a $25 million fund to help them do so. The NOAH Impact Fund is the result of a partnership between [...]

Low-income housing developers scramble for financing amid uncertainty about tax reform

Star Tribune reporter Emma Nelson reports that the election of Donald Trump has introduced great uncertainty as to the future of the critical low income housing tax credit program, a keystone in how affordable housing is financed today. Financing for low-income housing across Minnesota has dried up in recent months, leaving developers scrambling to fill gaps [...]

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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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