GMHF in the News

More than 750 Apartment Homes in Twin Cities to Remain Affordable Thanks to Broad Partnership

FOR IMMEDIATE RELEASE (MINNEAPOLIS – October 31, 2017) Today Aeon, the NOAH Impact Fund of Greater Minnesota Housing Fund (GMHF), and Enterprise Community Investment, Inc. completed the purchase of 768 apartment homes across 10 properties in Bloomington, Brooklyn Center, New Hope, and St. Paul. Other key partners in the project include Bellwether Enterprise Real Estate Capital… More

A new place to call home

As reported by Matthew Liedke in the Bemidji Pioneer on Oct. 27, 2017. The atmosphere in downtown Bemidji was charged and optimistic Friday morning, as government officials, organization personnel and business leaders celebrated the opening of Park Place Apartments. The complex, managed by the Duluth-based Center City Housing Corp., includes 60 units, with 40 dedicated… More

Tenants reach settlement, set aside $200K to assist renters in NOAH preservation properties

It’s a record award of its kind in nation, housing advocates say. Star Tribune reporter Miguel Otárola reported on Oct. 19, 2017 that former tenants of a 698-unit apartment complex in Richfield and their landlords reached what affordable-housing advocates are calling the largest settlement of its kind in the nation. The settlement resolves a housing… More

Group seeks Clinic’s help with affordable housing

Randy Petersen reports in the Post-Bulletin that group of 40 to 50 local residents asked Mayo Clinic to lead in an effort to raise $60 million during the next five years to help create affordable housing in Rochester. In a letter to Dr. John Noseworthy, CURE — Communities United for Rochester Empowerment — also asked… 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

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