New Project Increases Homeownership Opportunities in North Minneapolis
The initiative will develop eight sites in north Minneapolis into a triplex and duplexes. GMHF provided a predevelopment grant and a construction loan to support the project.
Home at Last, with Innovative Services Added: Restoring Waters Welcomes 60 Families in Saint Paul
Sahan Journal profiled this project that included financing from GMHF and $6.5 million in private equity from the Minnesota Equity Fund through the federal low-income housing tax credit program.
Allina Health Commits to Anchor Institution Strategy in South Minneapolis
Allina Health is joining local and national movements to deepen their commitment to making new investments addressing social determinants of health, including affordable housing.
A Rarity in Low-Cost Housing: 1,400- to 1,600-Square-Foot Apartments
Many partners, including GMHF, came together to support this project which will bring much-needed deeply affordable family-sized housing to Saint Paul.
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.
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.
Making a Home in Marshall
United Community Action Partnership and partners, including GMHF, broke ground for the first of five new affordable single-family homes in Marshall.
Key Housing Organizations Take Coordinated Approach to Preserving Rural Rentals
A collaborative effort among government agencies and nonprofit organizations in Minnesota aims to keep the “affordable” in rural affordable housing.