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.

Greater Minnesota Housing Fund Awarded $7 Million to Advance Equity through Housing as Part of MacKenzie Scott’s Commitment to Social Justice

Saint Paul, MN (December 15, 2020) Greater Minnesota Housing Fund has received an unexpected donor gift of $7 million from MacKenzie Scott, an individual philanthropist committed to giving away at least half of her wealth in her lifetime to advance social justice. Warren Hanson, President, and CEO of Greater Minnesota Housing Fund said “MacKenzie Scott’s [...]

Minnesota Housing Partners Work to Preserve Affordability of Rural Homes in Central Minnesota

Rural Development Property will be Preserved in Hackensack, Minnesota Rural, affordable homes are saved this month as Greater Minnesota Housing Fund’s board approved a loan to preserve a 19-unit Rural Development property in Hackensack, Minnesota. D.W. Jones will continue ownership and management of the property, and Voronyak Builders will serve as contractor. Birch Lake Apartments, [...]

GMHF Townhome Refinance Ensures Affordable Homes in Walker for 10 Years

The event ensures affordability of the property to low-income households for the next ten years! The property is located in the city of Walker, situated in a residential neighborhood about a mile south of the main street. Lakeview Terrace is an existing 18-unit project, owned and managed by DW Jones. Seventeen of the townhomes are [...]

Impacts of COVID-19 on Rental Properties in Minnesota

During the Covid-19 pandemic, Greater Minnesota Housing Fund (GMHF) is surveying owners and managers of approximately 30,000 rental housing units in rural and urban parts of the state monthly to determine tenant inability pay rent due to the Covid-19 pandemic. Data collected is focused primarily on providers of affordable housing, but data for all rental [...]

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