Property Donations Lead to Housing and Improved Health Outcomes
Sanford Health’s strategic land donation was the catalyst for the placement of the Bemidji Veterans Home, which has led to additional new investments and jobs.
Churches United in Ministry Leads Hotel to Housing Conversion
The former hotel is being converted into permanent supportive housing for people formerly experiencing homelessness with support from Blue Cross and Blue Shield.
Jeremiah Program Completes 40 New Affordable Homes for Single Mothers in Rochester
GMHF provided a deferred gap loan with 0% interest for 40 years as well as construction financing. The project also received 9% tax credits and significant contributions from the Rochester community.
Historic Rebuilding: Cloquet Middle School Apartments
This is GMHF's third conversion of an historic school to affordable housing and adds 57 units of workforce housing and 7 units reserved for formerly homeless individuals or families.
Partners Work to Preserve Affordability of Rural Homes in Central Minnesota
Rural, affordable homes are saved as GMHF's board approved a loan to preserve a 19-unit Rural Development property near Leech Lake in Hackensack.
GMHF Receives National Award from HUD, Council on Foundations
GMHF was recognized for the NOAH Impact Fund, a social impact capital structured fund that provides equity financing to preserve unsubsidized, affordable rental housing in Minnesota.
Rebuilding Better Neighborhoods
This book, written by the GMHF team, showcases outstanding developments by some of the most innovative developers of affordable housing across the state of Minnesota.
New 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 naturally affordable housing complex in Rochester.
NOAH Impact Fund Partners with Aeon to Preserve 118 Homes
Aeon and the NOAH Impact Fund completed the purchase of The Provinces in Little Canada to preserve the building as affordable for Minnesota families.
Construction Begins for The Flats at Grandview Commons
Minnesota Equity Fund is a strategic partner in the development, which will bring 94-units of affordable housing designed for working families to Madison, WI.