New Development in Faribault Welcomes First-Time Homeowners
Our $2 million construction loan was a key piece of financing to help bring these affordable homeownership opportunities to life.
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Our $2 million construction loan was a key piece of financing to help bring these affordable homeownership opportunities to life.

The development will add 40 new affordable homes for seniors and marks an important first step in the city's plans to revitalize its downtown area.

GMHF is providing a construction/bridge loan as well as LIHTC equity investment from the Minnesota Equity Fund to preserve a Section 8 property in Washington County.

The Star Tribune's Evan Ramstad covered Leech Lake Financial Services work to add homes on the reservation, including GMHF's $1 million loan to finance the construction or remodel of homes.

The 32-unit permanent supportive housing property in Minneapolis will undergo significant rehabilitation thanks to support from GMHF and the Minnesota Equity Fund.

GMHF and Sanford Health of Northern Minnesota co-hosted a roundtable to discuss the housing crisis in Beltrami County and find possible ways to help with the lack of affordable housing.

This is GMHF's third project with JO Companies. This development will add 42 units of affordable and supportive housing with direct transit access to the south metro.

A coalition of public and private partners, including GMHF, supported this project, which will help Native families in Minneapolis have a stable home and the services they need to thrive.

GMHF provided a predevelopment grant through the Emerging Developers Program to support planning for the 34 family-sized homeownership units.

Leaders from eleven health systems and healthcare associations convened to discuss and share how their organizations can invest in affordable housing to improve community health.
