Impact

Greater Minnesota Housing Fund is the leading community development financial organization dedicated to creating and preserving affordable housing in the state of Minnesota.

Greater Minnesota Housing Fund (GMHF) is a nonprofit affordable housing intermediary and Community Development Financial Institution (CDFI).

GMHF’s mission is to invest in affordable housing and sustainable development to strengthen communities in Greater Minnesota and ensure that everyone has a safe, decent and affordable place to call home.

Since 1996, GMHF has:
Awarded more than $270 million
to over 500 developments
in more than 150 communities
helping to create over 14,100 homes
leveraging over $1 billion in development.

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.

Thanks to their support and the dedication of other funders and investors, GMHF is now the largest affordable housing intermediary in Minnesota. GMHF operates a $42 million revolving loan fund, provides gap financing for homebuyers and affordable rental housing development and preservation, supports local communities and housing organizations through specialized grant support, and offers housing development and technical assistance training to communities across our service area of the 80 counties of Greater Minnesota.

Since 1996, we’ve created and preserved over 14,100 homes and apartments. We’re positioned to help investors and developers align forces to create and sustain the affordable housing needed to sustain Minnesota’s robust workforce and thriving economy now and in the future.

GMHF Map of impact

Our Impact In Action

See real-world examples of affordable housing created, and families housed thanks to the successful collaboration of impact investors, community partners, developers and the Greater Minnesota Housing Fund.
Family in kitchen

More Real Estate Funds Aim to Preserve Housing

Twin Cities reporter Beth Mattson-Teig reports in National Real Estate Investor on social impact investment funds set up to address the loss of affordable (and unsubsidized) rental housing. The flurry of value-add apartment investing in recent years has sparked a countermove by public and private entities that are pooling their capital and stepping in to slow [...]

GMHF 2018 Brochure Cover

“The Future Starts at Home”: The Work and Impact of GMHF

GMHF set out to create a short piece that describes its work and its impact. This small brochure is the result. Learn about GMHF’s strategic priorities and how GMHF works as a community development lending partner across Minnesota. Hear from individuals who now reside in GMHF-financed apartments. See the connection between stable, affordable housing and [...]

Dayton creates task force to address ‘persistent crisis’ regarding affordable housing

Gov. Mark Dayton announced Thursday the creation of a large task force to examine and make recommendations on affordable housing, calling it a “persistent crisis” for Minnesota families. The nonpartisan Governor’s Task Force on Housing will make recommendations by July 31 to include specific policy proposals and actions that can be taken by the executive [...]

Impact Investors see social impact returns

The McKnight Foundation is one of many foundations that have decided to use their endowments to further their mission. McKnight makes low-cost loans to entities like Greater Minnesota Housing Fund to contribute to a thriving, sustainable region and state. As a Community Development Financial Institution (CDFI), GMHF is able to invest the capital to create [...]

Colorful banner image featuring the skyline that you might typically see in a small city or town in Greater Minnesota.

Contact

Greater Minnesota Housing Fund
332 Minnesota Street
Suite 1201-East
Saint Paul, MN 55101

Main 651.221.1997
800.277.2258
Fax 651.221.1904
info@gmhf.com

GMHF is a Partner You Can Trust

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