News

Articles and Press by and about Greater Minnesota Housing Fund

  • Jeremiah Program completes 40 new affordable homes for single mothers with children in RochesterJeremiah Program completes 40 new affordable homes for single mothers with children in Rochester
    Jeremiah Program came to Rochester in 2016 at the invitation of a cross-section of community leaders, and in the fall of 2020, they opened the  doors to the Rochester/Southeast MN Jeremiah campus, which includes 40 affordable homes for single mothers and their children. The campus includes on-site childcare provided by Families First of Minnesota, as well as staff ...
  • Cloquet Middle School Apartments – Historic RebuildingCloquet Middle School Apartments - Historic Rebuilding
    Located about 20 miles south of Duluth Minnesota, Cloquet has a population of 12,000. Like elsewhere across the country, the community is challenged with urban pull and strives to maintain workers. Before inception of the project, the City of Cloquet had long identified a need for workforce housing. The vacant, 95-year old Cloquet Middle School was ...
  • Lakeview Terrace, in Walker, MN Refinanced to ensure 10 years of affordabilityLakeview Terrace, in Walker, MN Refinanced to ensure 10 years of affordability
    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 ...
  • Greater Minnesota Housing Fund Awarded $7 Million to Advance Equity through Housing as Part of MacKenzie Scott’s Commitment to Social JusticeGreater 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 gift ...
  • Minnesota Housing Partners Work to Preserve Affordability of Rural Homes in Central MinnesotaMinnesota 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, in ...
  • WE STAND IN SOLIDARITY
    WE STAND IN SOLIDARITY
  • Impacts of COVID-19 on Rental Properties in MinnesotaImpacts 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 ...
  • Minnesota Health & Housing SummitMinnesota Health & Housing Summit
    The Minnesota Health & Housing Summit brought together over 150 health and housing professionals to collaborate on strategies and actions both sectors could take together to improve health outcomes through strategically aligned investments in stable and affordable housing. The Health & Housing Summit was attended by health care, human services, affordable housing, and philanthropy professionals ...
  • GMHF receives national award from HUD, Council on FoundationsGMHF receives national award from HUD, Council on Foundations
    SAINT PAUL – Today, the U.S. Department of Housing and Urban Development (HUD) and the Council on Foundations announced the 2019 winners of the Secretary’s Award for Public-Philanthropic Partnerships. The awards recognize innovative partnerships between foundations and government that have been critical in transforming communities and improving the quality of life for low-and moderate-income residents across ...
  • New mixed-income apartments built without subsidyNew mixed-income apartments built without subsidy
      Real Estate Equities, Greater Minnesota Housing Fund, and Merchants Capital have teamed up to create Technology Park, a 164-unit housing complex in Rochester, Minnesota. The apartments will provide naturally affordable rental housing to Rochester’s workforce without subsidy. Technology Park, to be renamed upon the building’s opening, will help ease Rochester’s affordable housing crisis. Rochester was recently ranked one ...
  • UHG invests in new rental homes in MadisonUHG invests in new rental homes in Madison
    Developer Royal Capital Group has opened Harmony @Grandview Commons, a 94-unit affordable housing property in Madison, Wis. Funded through a public-private partnership that includes $11 million from the Wisconsin Housing & Economic Development Authority and $5.4 million from UnitedHealthcare placed by Minnesota Equity Fund, the new development is dedicated to working families in the Madison region. Located ...
  • Experts Forum features housing solutionsExperts Forum features housing solutions
    A state task force on affordable housing released a report last year that contained some sobering findings. Not least of those was that more than 554,000 Minnesota households struggle to afford quality housing, a 58 percent increase since 2000. Minnesota has an affordable housing crisis, and families looking for a home they can afford are only ...
  • New year, new suite in 1st National Bank buildingNew year, new suite in 1st National Bank building
    New year, new suite. Greater Minnesota Housing Fund has moved. Please make note that GMHF has moved to the West tower of the 1st National Bank Building. If you are planning to visit our offices, follow directions to our longstanding address of 332 Minnesota Street in downtown Saint Paul and park in our building. Garage entrance is ...
  • Housing and Health: A vital Minnesota bridgeHousing and Health: A vital Minnesota bridge
    In divided government, parties can find common ground on housing, health care Campaign proposals from Minnesota’s gubernatorial candidates could pave the way to bipartisan cooperation. By Mary Brainerd and Warren Hanson | November 21, 2018 | StarTribune Minnesota heads into the 2019 legislative session with a divided government. Democrats control the governor’s office and the House of Representatives while ...
  • Minnesota Housing Announces $87.5M for Affordable HousingMinnesota Housing Announces $87.5M for Affordable Housing
    Minnesota Housing Commissioner Mary Tingerthal joined community leaders today to announce funding to create and preserve more than 1,700 affordable homes throughout the state, including rental units and single family houses. The announcement outlined funding for 55 developments that support more than 3,600 jobs and will leverage additional private and local resources for more than $364 ...
  • More Real Estate Funds Aim to Preserve HousingMore 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 the ...
  • GMHF partner Rick Klun talks about combatting homelessnessGMHF partner Rick Klun talks about combatting homelessness
    The Star Tribune featured Rick Klun as one of their “Problem Solvers” for his work to prevent and end homelessness in Duluth and across the state in an article by Gail Rosenblum. Rick Klun wants us to stop focusing on homelessness. It’s not that he lacks the heart, or stomach, to address this seemingly intractable social problem. ...
  • Task Force on Housing Releases Action PlanTask Force on Housing Releases Action Plan
    Governor Mark Dayton and members of the Governor’s Task Force on Housing today released its final report, recommending 30 action steps aimed at improving access to quality, affordable housing for Minnesotans and building a more vibrant, inclusive economic future for all Minnesotans. Today’s report follows Governor Dayton’s Executive Order, which convened a nonpartisan group of housing ...
  • Ramsey Co, NOAH Impact Fund help Aeon buy/preserve 118 apartmentsRamsey Co, NOAH Impact Fund help Aeon buy/preserve 118 apartments
    From the Pioneer Press: A Minneapolis-based nonprofit has bought 118 apartments in Little Canada in order to keep them affordable. Aeon announced Friday that it had purchased The Provinces, an apartment complex west of Interstate 35E on Little Canada Road. The buildings, which are home to roughly 300 residents, were previously owned by Dominium. To finance the acquisition, Aeon ...
  • NOAH Impact Fund partners with Aeon to preserve 118 homesNOAH Impact Fund partners with Aeon to preserve 118 homes
    NEWS RELEASE Minneapolis – Today Aeon and the NOAH Impact Fund of Greater Minnesota Housing Fund (GMHF) completed the purchase of The Provinces, a property which includes 118 apartment homes in Little Canada. The building was sold by Dominium. Other key partners in the acquisition include NorthMarq Capital, which provided the mortgage through Freddie Mac’s Affordable ...

 

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