Greater Minnesota Housing Fund (GMHF) is a leading statewide community development financial organization dedicated to creating and preserving affordable housing in the state of Minnesota.
Filling Gaps and Providing Capital for Housing
We are committed to the creation of strong communities and affordable homes through making strategic investments and forming effective partnerships. GMHF’s investments include directly funding affordable housing projects, providing technical support to local communities and businesses, linking projects with financial resources, securing additional resources for affordable housing, and using research and program development activities to identify new and innovative ways of increasing affordable housing production.
We are both a non-profit housing intermediary, charged with identifying and responding to gaps in the affordable housing ecosystem, and the state’s largest affordable housing-focused Certified Community Development Financial Institution (CDFI), dedicated to bringing low-cost capital solutions to help meet Minnesota’s affordable housing needs.
Mission
We support the creation of strong communities and affordable homes through making strategic investments and forming effective partnerships.
Where We Work
We work throughout Minnesota to address a range of housing demands, including affordable housing production and preservation with emphasis on:
- Regional population centers
- Job-growth communities
- Underserved rural communities
- Tribal nations
We work outside of Minnesota when we can:
- Serve a unique role, and it does not detract from our ability to work in Minnesota
- Add value and bring our innovative solutions to bold, new opportunities in the field
How GMHF Got Started
GMHF was born out of a vision shared by The McKnight Foundation and Blandin Foundation to create a responsive, innovative intermediary that could address the unique affordable housing needs of Greater Minnesota’s rural areas, small towns, city centers, and Tribal lands. In 1996, these foundations committed $25 million to create GMHF and have continued to provide major ongoing support in the years since, committing over $100 million.
Today we work in all 87 counties in Minnesota. We’re committed to addressing the housing needs of Minnesotans in underserved areas including cities, towns, rural areas, and Tribal nations.
We are certified by the Department of Treasury as a Community Development Financial Institution (CDFI) and a 501(c)(3) nonprofit organization. GMHF is rated Four-Star, AA Policy Plus by Aeris and is a member of the Federal Home Loan Bank of Des Moines.
Programs and Initiatives
Providing Lending Support
We offer lending solutions that create stable, affordable housing and preserve homes for low-and moderate-income families. Learn more about our Revolving Loan Fund and lending products.
Addressing Needs
We are dedicated to offering programs and initiatives that create informed, responsive housing solutions. Our current programs and initiatives include:
Learn More About Us
About our board of directors
Meet our team
Review open positions
View our equal opportunity notice
Heading Home Funders Collaborative
GMHF is proud to be the fiscal sponsor for Heading Home Funders Collaborative, an independent member organization of grant makers and intermediaries committed to working together to prevent and end homelessness in Minnesota. Learn more about their important work on their website.
Read Our Latest Annual Report
