- Report: Investors upgrade apartments, displace renters
Apartment sales in the seven-county metro increased 165 percent between 2010 and 2015, according to the report, which analyzed data from Marquette Advisors, CoStar and Finance & Commerce’s Twin Cities Apartment Sales Tracker. Many units – often in Class B or Class C buildings – are being refurbished, rebranded and leased for more than the ...
- American Indian Community Development Corp. delivers housing on E. Franklin Av.
Gabriel Corbesia works as a security guard and recently graduated from Summit Academy near the top of his carpentry class.
Corbesia, a member of the Lac Courte Oreilles Band of Lake Superior Chippewa who grew up in the Phillips neighborhood of Minneapolis, has wrestled with alcoholism and homelessness.
Today, he is a thankful, productive citizen who also ...
- Hot market for buyers is driving loss of affordable rentals in Twin Cities
It seems not a week goes by lately without news about low-income tenants forced to move when their landlord sells their apartment building to investors. A new report offers numbers behind those anecdotes, illustrating a major shift in the local rental market.
In “Sold Out,” released this week, the Minnesota Housing Partnership found that sales of ...
- Help for a family in need
Meet this family whose lives have been changed for the better thanks to our development and investment partners. Not long ago, Tammy Jacka and her three sons were living in a drafty manufactured home in Thief River Falls. By spring 2014, Tammy realized she was paying almost 300% of what most people pay to heat their ...
- MN Housing, USDA Rural Development, DEED & GMHF co-host North Shore regional dialogue
For full story and radio news coverage, visit the WTIP website.
Housing forum at North House builds framework for action
Mary Tingerthal is the Commissioner for Minnesota Housing Finance Agency, an organization that strives for safe, decent and affordable housing across the state.
During a forum held Monday, Sept. 19 at North House Folk School in Grand Marais, ...
- Rescue Mission: Community Strategies emerge to preserve affordable housing
Donna Kimura, deputy editor of Affordable Housing Finance magazine, presents efforts from Portland, Oregon to Washington, D.C. to preserve naturally occurring affordable housing (NOAH). She includes a feature on GMHF’s NOAH Impact Fund.
Rescue Mission: Community strategies emerge to preserve affordable housing
By Donna Kimura
The Bronaugh Apartments is one of the oldest rental housing developments in Portland, Ore. ...
- Affordable housing is disappearing in the Twin Cities. Where do people go?
KSTP produced a TV spot that aired on Channel 5 ABC News on August 19, 2016.
Thousands of Minnesotans are being forced out of affordable housing by developers who are buying apartments and turning them into upscale units. Thursday night several stakeholders met to talk about how to help everyday Minnesotans who are forced to look ...
- Join GMHF for a 20th anniversary reception
Join Greater Minnesota Housing Fund board and staff Thursday, October 27 at the Guthrie Theater in Minneapolis as GMHF reflects on 20 years of great ideas and collaborative partnerships. All are welcome!
GMHF wouldn’t be here without the support of so many partners, funders, and friends of the organization like you. We hope you’ll join us to help GMHF ...
- Roseau County Workforce Housing Program
Both firms were expanding their workforces but there was inadequate housing available to accommodate the prospective employees, leading to new workers doubling up in hotel rooms and moving into homes designed for much smaller households.
These pressures led to the formation of the Roseau County Workforce Housing Program and the new single-family and multi-family housing developments ...
- Perham Employer Assisted Housing
The Perham Housing and Redevelopment Authority (HRA) leveraged several funding sources to create an employer-assisted downpayment pool.
The city contributed $100,000, local employers will provide up to $55,000, and GMHF has promised to match all employer contributions. GMHF sets a funding maximum of $2,500 per homebuyer purchasing a home in Perham.
KLN Industries, a local snack/ pet ...
- Street E Townhomes
The City of Jackson has been reporting housing shortages as a major impediment to securing labor for their primary employer, AGCO, a multinational corporation with North American headquarters in Jackson.
Over the past decade, the county has added nearly 2,000 residents and in 2013 AGCO announced a $42 million expansion. Several employees commute from South Dakota, ...
- Marshall Parkway Addition
As a regional center in southwest Minnesota, Marshall has experienced the benefits of economic growth and the challenges of an affordable housing shortage.
The Parkway Addition project in Marshall, developed by Southwest Minnesota Housing Partnership, is a mixed-income neighborhood intended to help address those needs. To create affordable housing opportunities in the development, Schwan’s Inc. provided ...
- Duluth Local Initiatives Support Corporation
The Duluth Local Initiatives Support Corporation (Duluth LISC) coordinates an Employer-Assisted Housing effort in several neighborhoods of Duluth.
The Hillside Home-ownership Incentive Program is a partnership between Duluth LISC, local non-profits, GMHF, lenders, and Duluth employers that is designed to make the Central Hillside, East Hillside, and Lincoln Park neighborhoods safe and affordable places to live ...
- Many hands make for light work
“Can’t you just hear children’s laughter up here?”
“Can you imagine people playing games and being social here?”
Those who accompanied Audrey Moen on a grand opening tour of Beacon Hill this Wednesday were treated to encouraging portraits of the dream for the new supportive housing development in Grand Rapids.
Moen is Housing Manager with Northland Counseling Center ...
- Rochester Area First Homes Program
The Rochester Area First Homes Program is the state’s largest employer-assisted housing effort.
With extremely low vacancy rates and rapidly rising home prices, the Rochester area housing market had become unaffordable to many local workers. First Homes, developed as a joint effort of the Greater Minnesota Housing Fund and the Rochester Area Foundation, sought to build ...
- Housing fund looks to prevent displacement, gentrification
With the help of a $3 million contribution from Hennepin County, a $25 million fund is being assembled to purchase properties at risk of being purchased, renovated and gentrified.
A metro rental market experiencing a vacancy rate under 3 percent has made certain apartment complexes attractive to developers looking to leverage that demand. Examples of this ...
- City to study affordable housing options
The Rochester City Council on Monday took action to hire a consultant firm, Grounded Solutions Network, to provide recommendations on an inclusionary housing policy.
The firm has provided consultations to more than 50 U.S. cities and organizations, according to a proposal it submitted to the city April 15.
Olmsted County housing staff and a representative of the ...
- New effort aims to save affordable housing in Hennepin County, metro area
A familiar scenario is increasingly playing out across the Twin Cities: Affordable housing being revamped into higher-end rentals with everything from dog spas to granite countertops, forcing out lower-income residents.
Now a new funding initiative, the first of its kind in Minnesota, is being created to help reverse that trend.
This week, Hennepin County approved $3 million ...
- How Hennepin County is preserving affordable housing
Greater Minnesota Housing Fund was granted $3 million Tuesday from the Hennepin County Board of Commissioners they will use to continue to build a $25 million fund to help keep people housed.
The preservation effort is particularly mindful of those on section 8 or rent subsidy vouchers like Merche Banks, a single mother from Richfield, Minn.
“As a ...
- Hennepin OKs $3M for affordable housing fund
A new investment fund aimed at preserving thousands of affordable housing units in the metro area got a $3 million boost Tuesday when the Hennepin County Board of Commissioners voted to support the effort
led by the Greater Minnesota Housing Fund.
The Hennepin County resolution sets aside $3 million to help save 1,000 affordable units over the ...