Minnesota Equity Fund is a subsidiary of Greater Minnesota Housing Fund. In addition to the permanent and interim financing GMHF provides, MEF syndicates tax credits.
MEF is a social enterprise designed to raise equity capital from corporations and banks to invest in well designed, high quality, sustainable affordable housing developments throughout Minnesota and in other target markets. MEF syndicates two kinds of tax credits: Low-Income Housing Tax Credits (LIHTC) and state and federal Historic Tax Credits.
MEF invests in the following types of housing:
- Workforce housing
- Low-income senior housing
- Historic preservation
- Rural Development (RD) preservation
- Mixed-use and mixed-income
- Supportive housing for disabled persons, veterans and their families, homeless youth, families with children, and long-term homeless
For more information about syndicating tax credits, please visit the Minnesota Equity Fund website.
