Creating Affordable Housing

Addressing the Need for Affordable Housing in Southeast Minnesota

From KAAL-TV: Affordable housing is a topic on the minds of many local leaders, and as Rochester and Southeast Minnesota continues to grow that topic is a top priority.“Workforce development is a huge issue for our entire economic region," said Steve Borchardt with the Rochester Area Foundation. Concerned members of the public, city leaders and… More

LIHTCs bring affordable youth housing to affluent MN neighborhood

As reported in the Feb. 2017 Novogradac Journal of Tax Credits by senior writer Mark O'Meara. In Minnesota, children and adults 24 and younger are the most likely population to be homeless, according to the 2015 Minnesota Housing Study, a statewide study on homelessness. This includes children with their parents (35 percent) and minors and young… More

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)… More

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… More

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… More

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Greater Minnesota Housing Fund
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