Opening doors to opportunity.
With a critical shortage of affordable housing and the loss of existing affordable housing, GMHF knows that every home counts. In 2024, GMHF supported predevelopment, planning, strategy, and financing plans for housing production and preservation throughout the state. This means supporting a healthy housing continuum that includes strategies to end and prevent homelessness, produce and preserve affordable and workforce housing, and foster sustainable homeownership opportunities.
We’re proud to have contributed to the work of emerging developers like Luis Hidalgo in Long Prairie and Leech Lake Financial Services (LLFS) in Cass Lake with grant funding loan products from our Revolving Loan Fund. We continued support of policies that advance Minnesota’s housing continuum and supported innovative housing solutions all over Minnesota including Corporation for Supportive Housing and Heartland Lakes Development Commission.
Our Emerging Developer program provided over 700 hours of technical assistance for projects to focus on strengthening the diversity of the developer sector to reflect the communities that they serve. Our Health and Housing Equity initiative focused on supporting and expanding Healthcare for Housing Minnesota, a coalition comprised of Housing and Health Equity Fellows Program graduates and new members. Our Rural and Tribal Capacity Building Program assisted with numerous projects through capacity building in 2024.
We continued to create and preserve affordable housing with our Revolving Loan Fund, Minnesota Equity Fund, and NOAH Impact Fund. All of which set the stage for a productive 2025!
A special shout out to Lisa Haines of Juju, llc and Josh Crane for the design of our printed annual report.
View the full digital annual report here: gmhf.com/impact/report/
Click here to view a PDF of the annual report.
Affordable Housing Project Planned For Woodbury