GMHF is proud to be the leading nonprofit Minnesota lender focused specifically on funding affordable housing. If you have a project in Minnesota that will help us further our mission, we encourage you to learn more about our Interim Financing products.
GMHF offers a comprehensive set of development financing tools to assist in the creation of affordable housing, mixed-use developments, and community facilities in Greater Minnesota. Loans are available to nonprofit and for-profit developers and local government agencies.
GMHF Interim Financing Products
- Predevelopment Loans
To pay for third-party reports, fees, deposits and other project-specific start-up costs.
- Acquisition Loans
To finance a significant portion of the purchase price for property acquisition.
- Construction/Rehabilitation Loans
To pay hard and soft costs for new construction, adaptive reuse, or acquisition/rehabilitation projects.
- Tax Credit Bridge Loans
To bridge projected Low Income Housing Tax Credit (LIHTC) equity for new construction, adaptive reuse, or acquisition/rehabilitation projects.
- Historic Tax Credit (RTC) Bridge Loans
To bridge projected equity pay-ins for historic rehabilitation projects with an affordable housing component.
- Mini-Perm Loans
To provide interim amortizing debt for new construction and preservation projects.
- Flexible Short-Term Loans
Innovative financing programs to help meet the unique local affordable housing and community development needs of partners in Greater Minnesota.
- Small NOAH Program Loans
Low Cost Impact Capital to Finance Small Landlords & Developers of Color in Greater Minnesota.
Single-family Foreclosure Financing
- Foreclosure Recovery Revolving Loans
Low-interest financing to purchase and rehabilitate foreclosed, vacants and abandoned single-family homes. More
Other GMHF Financing Products
GMHF welcomes the opportunity to explore other financing needs with affordable housing partners in Greater Minnesota including potential loan participations with other CDFIs and commercial lenders.
If you would like to know more about GMHF loan products, we encourage you to fill out the Finance Inquiry form or call GMHF at 651-221-1997 or 800-277-2258.