Minnesota

Greater Minnesota Housing Problem: Too Much Risk

  Private developers prefer to build in the Twin Cities and other large communities. They see higher risks in greater Minnesota, largely because many of the areas short of housing rely on one or two major employers. If one closes to cuts back, it may be hard or impossible to collect enough rent to make a… More

After Months of Work, Renovated Gateway Tower Unveiled in Full

“Only in Duluth,” said Warren Hanson, president of the St. Paul-based Greater Minnesota Housing Fund, which secured more than two-thirds of the $18.5 million needed for the reconstruction project. An hour of anecdotes and appreciations brought together bits of the building’s history since it opened in 1974 as a home mostly for people of lower… More

Real estate notebook: Star Tribune covers Aeon’s deal to preserve lower-cost apartments

A shortage of apartments and rising rents in the Twin Cities metro have made area apartment buildings a hot commodity among national investors who are often able to improve the buildings and increase rents. That is a threat to the already tight supply of rentals that are affordable to the lowest-wage families. And that is… More

Aff. Housing Finance: 768 Homes to Remain Affordable in the Twin Cities

Aeon has acquired 10 properties to preserve the affordability of 768 apartments in the Twin Cities region. The $77 million transaction marks the largest acquisition in the 31-year history of the nonprofit developer, owner, and manager of affordable homes. The purchase also represents the first project funded by Greater Minnesota Housing Fund’s (GMHF’s) recently formed… More

Perham

Perham business leaders tackling local housing needs themselves

In 2007, a group of Perham business owners and corporate executive got together to talk about housing. They faced similar issues. Each had a desire to grow their businesses by hiring more workers and expanding their reach, but a lack of available housing in and near Perham was holding them back. The problem was theirs… More

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Contact

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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