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.
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.
GMHF is now the largest affordable housing intermediary in Minnesota. GMHF operates a $122 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.