The Minnesota Equity Fund (MEF) is a new social enterprise designed to raise equity capital from Minnesota corporations and banks to invest in well designed, high quality, sustainable affordable housing developments throughout Minnesota.
MEF is a subsidiary of the Greater Minnesota Housing Fund, a nonprofit Community Development Financial Institution (CDFI) which has raised over $128 million in charitable grant funds and has financed over 13,200 units of affordable housing in its 20 year history. MEF Fund I is a strategic partnership between GMHF and Great Lakes Capital Fund (GLCF), a nationally recognized syndicator of low income housing tax credits (LITHC) tax credits which has raised over $1.5 billion in equity.
The mission of the Minnesota Equity Fund is to enable socially motivated corporations and financial institutions make economic investments in well designed, high quality affordable housing developments in communities throughout Minnesota.
For more information, please visit the Minnesota Equity Fund online.