Greater Minnesota Housing Fund supports the creation of strong communities and affordable homes through strategic investments and effective partnerships.

Impact & Insights: The Latest from GMHF

Be informed. Be inspired. Learn about the latest in affordable housing in Minnesota.

Provinces

Ramsey Co, NOAH Impact Fund help Aeon buy/preserve 118 apartments

From the Pioneer Press: A Minneapolis-based nonprofit has bought 118 apartments in Little Canada in order to keep them affordable. Aeon announced Friday that it had purchased The Provinces, an apartment complex west of Interstate 35E on Little Canada Road. The buildings, which are home to roughly 300 residents, were previously owned by Dominium. To finance [...]

Impact Investors see social impact returns

The McKnight Foundation is one of many foundations that have decided to use their endowments to further their mission. McKnight makes low-cost loans to entities like Greater Minnesota Housing Fund to contribute to a thriving, sustainable region and state. As a Community Development Financial Institution (CDFI), GMHF is able to invest the capital to create [...]

NOAH Impact Fund partners with Aeon to preserve 118 homes

NEWS RELEASE Minneapolis – Today Aeon and the NOAH Impact Fund of Greater Minnesota Housing Fund (GMHF) completed the purchase of The Provinces, a property which includes 118 apartment homes in Little Canada. The building was sold by Dominium. Other key partners in the acquisition include NorthMarq Capital, which provided the mortgage through Freddie Mac’s [...]

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 profit. [...]

Displaced tenants receive settlement, direct portion to NOAH Impact Fund

Housing Justice Center brought a class action lawsuit against the apartment owners of Crossroads at Penn, now Concierge Apartments in Richfield. A settlement awarded the displaced Crossroads tenants $650,000, with about $290,000 reserved for the tenants, and over $200,000 designated for the NOAH Impact Fund. The $200,000 will be used to assist tenants in NOAH [...]

The Flats at Grandview Commons

Construction Begins for The Flats at Grandview Commons

FOR IMMEDIATE RELEASE Madison, Wis. (November 3, 2017) – Community leaders, local residents and development partners came together today to celebrate the start of construction for The Flats at Grandview Commons, a new 94-unit affordable housing community designed for working families in the region. Developed by Royal Capital Group, the new community is being built [...]

Dayton creates task force to address ‘persistent crisis’ regarding affordable housing

Gov. Mark Dayton announced Thursday the creation of a large task force to examine and make recommendations on affordable housing, calling it a “persistent crisis” for Minnesota families. The nonpartisan Governor’s Task Force on Housing will make recommendations by July 31 to include specific policy proposals and actions that can be taken by the executive [...]

Nonprofit Aeon lands $77M apartment portfolio

Clare Kennedy reported on Aeon’s purchase of 10 older apartment buildings in Finance & Commerce’s Nov. 1, 2017 issue. In one $77 million mega-deal, nonprofit housing developer Aeon has purchased a portfolio of 10 older apartment buildings comprising 768 units. The Minneapolis-based affordable housing developer and owner closed Tuesday on the transaction. Six of the properties [...]

Colorful banner image featuring the skyline that you might typically see in a small city or town in Greater Minnesota.

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

GMHF is a Partner You Can Trust

MENU