Greater Minnesota Housing Fund regularly produces strategic plans, annual reports, and Form 990s. These are available for download below.
2018-2021 STRATEGIC PLAN
GMHF retained FUND Consulting to facilitate a strategic planning process in 2017 for years 2018-2021. The plan reaffirms the organization’s mission, core purpose, and operating principles. In it GMHF identified three strategic goals: Provide Leadership & Expertise to Solve Housing Challenges; Align Programming with Current and Evolving Priorities; and Ensure Organizational Effectiveness & Sustainability. Download the GMHF 2018-2021 Strategic Plan.
2014-2017 STRATEGIC PLAN
GMHF worked with Consulting for Change to develop a Strategic Plan for years 2014-2017. The plan reaffirms the organization’s mission statement, core purpose, and values. It establishes GMHF’s operating principles and organizational priorities. The 2014-2017 Strategic Plan also identifies four strategic goals: leadership, knowledge, capital, and capacity. Download the GMHF 2014-2017 Strategic Plan.
2020 ANNUAL REPORT
In 2020, GMHF adapted to explore new housing development models, strategies and partnerships. The organization maintained its focus on addressing the housing needs of Minnesotans in greater Minnesota and the Twin Cities metro. 2020 was a year of disruption, resilience and change. Amid uncertainty, families, individuals and organizations across Minnesota were forced to adapt. All-at-once, homes became full-time places for school, work, play, healthcare and more; while social encounters declined and created isolation. All of this exacerbated an already taxed housing system, making it more difficult than ever for people to find an affordable home during an unprecedented housing shortage. Download the GMHF 2020 Annual Report (.pdf).
2019 ANNUAL REPORT
In 2019, GMHF focused extra attention on the linkage between stable housing and improved health outcomes, and established the Minnesota Health & Housing Initiative. Cross-sector collaboration fostered more intentional partnerships between health care institutions and affordable housing organizations. In the Tech Park development in Rochester, MN, GMHF worked on a ‘no subsidy’ model for affordable housing development. GMHF partnered with Real Estate Equities to design and build a new 164-unit rental development at roughly 50% of normal development costs, making affordable homes available to Rochester’s workforce, without relying on government aid to achieve affordability. Download the GMHF 2019 Annual Report (.pdf).
2017 ANNUAL REPORT
In 2017, GMHF launched the NOAH Impact Fund and deployed over $10 million in its first six months of operation, preserving the affordability of 311 rental units. In total GMHF created and preserved 865 affordable homes. GMHF helped launch the Statewide Task Force on Housing in late 2017. Download the GMHF 2017 Annual Report (.pdf).
2016 ANNUAL REPORT
In 2016, GMHF assembled capital from private investors to preserve naturally occurring affordable housing (NOAH) through the NOAH Impact Fund. GMHF provided over $17 million in loans and grants to help housing organizations create or preserve 512 affordable homes for low-income families and individuals. Minnesota Equity Fund assembled $42 million in socially motivated capital to finance 520 affordable homes. Download the GMHF 2016 Annual Report (.pdf).
2015 ANNUAL REPORT
In 2015, GMHF conducted extensive research and development in the area of naturally occurring affordable housing (NOAH), building the groundwork for the NOAH Impact Fund. GMHF provided nearly $25 million in loans and grants to help housing organizations create or preserve 821 affordable homes for low-income families and individuals. Minnesota Equity Fund assembled $21.7 million in socially motivated capital to finance 307 affordable homes. Download the GMHF 2015 Annual Report (.pdf).
2014 ANNUAL REPORT
In 2014, GMHF became a member of the Federal Home Loan Bank of Des Moines and provided over $32.1 million in loans and grants to help housing organizations create or preserve 811 affordable homes for low-income families and individuals. Minnesota Equity Fund assembled and invested an additional $20.3 million in socially motivated capital. Download the 2014 GMHF Annual Report (.pdf).
2013 ANNUAL REPORT
In 2013, GMHF provided over $22.7 million in loans and grants to help housing organizations create or preserve 524 affordable homes for low-income families and individuals. In the same year GMHF’s subsidiary, the Minnesota Equity Fund, assembled and invested an additional $30 million in private equity capital, supporting the creation of over 160 affordable rental homes.Download the 2013 GMHF Annual Report (.pdf).
2012 ANNUAL REPORT
In 2012, GMHF earned an outstanding AAA+2 CARS rating and raised $50 million in private capital for the Minnesota Equity Fund. Download the 2012 GMHF Annual Report (.pdf).
2011 ANNUAL REPORT
In 2011, GMHF provided $17.9 million in strategic grant, gap and interim financing for affordable housing, making GMHF one of the largest affordable housing intermediaries nationwide that serves rural markets. Download the 2011 GMHF Annual Report (.pdf).
2010 ANNUAL REPORT
Since 1996, GMHF has supported developments in more than 150 cities to produce 9,500 affordable single-family and multifamily homes. Download the 2010 GMHF Annual Report (.pdf).
2009 ANNUAL REPORT
In 2009, GMHF awarded funding to support the creation and preservation of 613 affordable homes in 31 developments in 16 different cities and all 6 regions of Greater Minnesota. Download the 2009 GMHF Annual Report (.pdf).
1996-2002 PROGRESS REPORT
This multi-year Progress Report celebrates the achievements of affordable housing development organizations throughout Greater Minnesota and the support provided by GMHF funding and technical assistance programs. Several examples and case studies are drawn from GMHF funded projects. Download the 1996-2002 GMHF Progress Report (.pdf)
DOWNLOAD GMHF 990s
GMHF Form 990 – 2019
GMHF Form 990 – 2018
GMHF Form 990 – 2017
GMHF Form 990 – 2016
GMHF Form 990 – 2015
GMHF Form 990 – 2014
GMHF Form 990 – 2013
GMHF Form 990 – 2012
GMHF Form 990 – 2011
GMHF Form 990 – 2010
GMHF Form 990 – 2009
GMHF Form 990 – 2008
GMHF Form 990 – 2007
GMHF Form 990 – 2006
GMHF Form 990 – 2005