Emerging Markets Homeownership Pilot Program Helping Create Sustainable Home Ownership Opportunities
Program Goal: Eliminate systematic barriers to home ownership for emerging markets (households of color and new immigrants) through three pilot programs working with Latinos, African immigrants and Native Americans.
Minnesota has one of the highest rates of home ownership in the country. It also has one of the largest disparities in home ownership rates between white households and households of color. Greater Minnesota Housing Fund recently funded a three-year pilot program designed to improve the homeownership opportunities for emerging market households in Greater Minnesota.
The collaborating pilot partners included:
With GMHF program incubation grants and related homebuyer financing, these pilot partners created culturally competent, comprehensive homebuyer services in targeted geographies with a special focus on serving African immigrant, Latino and Native American households. The EMHI pilot has been a success. These partners have provided homebuyer and financial literacy training to more than 2,000 households and helped more than 200 families purchase homes since 2008. These organizational achievements and individual homebuyer success stories can be viewed at http://www.adcminnesota.org/success-stories/housing and http://www.achieve-homeownership.org/
Please contact us at info@gmhf.com or 800.277.2258 if you would like more information on this program and its outcomes.
Greater Minnesota Housing Fund has launched the Minnesota Equity Fund to help Minnesota companies invest in Minnesota communities. Click here to learn more.
New GMHF Progress Report now available featuring the accomplishments of housing partners across the state. Click here to view the report.
Portraits of Home documentery photography exhibit now on tour. Click here to view upcoming events.
GMHF makes Building Better Neighborhoods home plans available to provide homebuyers, communities and builders with a variety of options that lead to the construction of healthier homes that are more affordable to own and operate. Click here to view these free homeplans.
In the HOMES FOR ALL documentary, Twin Cities Public Television takes an in- depth look at the vast need for sustainable, affordable housing choices in Minnesota.
Benefits of CT class go beyond student learning | Crookston Times Wed, 2 February 2012
The Heart of the Matter - Is Owning a Home Still Worthwhile Tuesday January 24, 2012
Three Rivers bridging homeowner gap through Somalis Monday January 23, 2012
Take KARE of your MONEY: Home Affordable Refinance Program | kare11.com Wed, 18 Jan 2012
Rosenblum: Event offers a humbling new way to look at homelessness | StarTribune.com Tue, 17 Jan 2012
Despite squeeze, affordable housing remains a priority | StarTribune.com Fri, 23 Dec 2011
Hundreds mourn Minnesotans who died homeless | Minnesota Public Radio News Mon, 19 Dec 2011
MinnPost - Homeless, desperate and living out of cars Wed, 30 Nov 2011
Higher demand for homeless services stresses those who help | Minnesota Public Radio News Mon, 21 Nov 2011
Home for Chronic Inebriates - KIMT.com – Iowa & Minnesota Together Tue, 15 Nov 2011
Once a fort, soon a haven for homeless vets Abandoned Fort Snelling buildings in line for $10.2 million renovation - TwinCities.com Tue, 15 Nov 2011
Report: Housing groups struggle against foreclosure wave - Finance & Commerce Mon, 14 Nov 2011
Affordable housing design: Solid, but could be better | StarTribune.com Mon, 14 Nov 2011
Duluth family of 5 goes from living in SUV to apartment | Duluth News Tribune | Duluth, Minnesota Mon, 14 Nov 2011
One in 15 of us among nation's 'poorest poor' - TwinCities.com Thu, 03 Nov 2011
Click on story for more information
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