GMHF in the News

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

Gateway Tower

Duluth’s Gateway Tower to receive $18.5M redo with MEF equity

They’re already planning to return in about a year to celebrate the end of a project so extensive it will replace virtually everything but the property’s concrete shell – and even that will be covered by a new contemporary metal skin. “We’re really happy to make an intervention to protect the building,” said Jeff Corey… More

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… More

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… 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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Main 651.221.1997
800.277.2258
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