Preserving Affordable Housing

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… More

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… More

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… More

Gateway Tower exterior

Gateway renovations get high marks

The early reviews are rolling in on the what’s-old-is-new-again Gateway Tower apartments on West Superior Street in downtown Duluth, and tenants say the renovations are a hit. “It couldn’t look better,” said 62-year-old Jan Nash, an 11-year resident of the 14-story tower. “New cabinets, new toilet and shower, new floors.” “Huge bathroom,” said Pam Blommer… More

UnitedHealthcare Invests $18.3 Million to Help Build New Affordable-Housing Communities in Michigan

UnitedHealthcare is investing $18.3 million to help build two new affordable-housing communities in Hart and Oak Park, Michigan. The announcement was made at a groundbreaking ceremony for Jefferson Oaks in Oak Park, where community leaders and investment partners celebrated the start of construction for the 60-unit mixed-income community. UnitedHealthcare is investing $14.6 million in the… More

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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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