Properties & Partners

Explore Employer-Assisted Housing case studies.

GMHF has worked with major employers such as Hormel, The Schwan Food Company, and Mayo Clinic, as well as “Main Street” employers like local banks and retail businesses, to engage them in developing homebuyer assistance programs as well as contribute to the development of new affordable housing in their communities.

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

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

sold-out-meadowbrook-manor

Report: Investors upgrade apartments, displace renters

Apartment sales in the seven-county metro increased 165 percent between 2010 and 2015, according to the report, which analyzed data from Marquette Advisors, CoStar and Finance & Commerce’s Twin Cities Apartment Sales Tracker. Many units – often in Class B or Class C buildings – are being refurbished, rebranded and leased for more than the… More

Roseau County Workforce Housing Program

Both firms were expanding their workforces but there was inadequate housing available to accommodate the prospective employees, leading to new workers doubling up in hotel rooms and moving into homes designed for much smaller households. These pressures led to the formation of the Roseau County Workforce Housing Program and the new single-family and multi-family housing… More

Perham Employer Assisted Housing

The Perham Housing and Redevelopment Authority (HRA) leveraged several funding sources to create an employer-assisted downpayment pool. The city contributed $100,000, local employers will provide up to $55,000, and GMHF has promised to match all employer contributions. GMHF sets a funding maximum of $2,500 per homebuyer purchasing a home in Perham. KLN Industries, a local… More

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