New Housing Provides Hope for Veterans Struggling with Homelessness
Minnesota Equity Fund and Cinnaire worked with UnitedHealth Group to provide military veterans with quality, permanent housing with supportive services in Minneapolis.

Minnesota Equity Fund and Cinnaire worked with UnitedHealth Group to provide military veterans with quality, permanent housing with supportive services in Minneapolis.
The Minnesota Equity Fund provided $2.5 million in tax credit equity for this project that will serve a diverse mix of more than 120 tenants in Grand Rapids.

The renovations were supported in part by $15.5 million in low-income housing tax credits issued by Minnesota Housing through a partnership with the Minnesota Equity Fund and with Cinnaire.

The Michigan State Housing Development Authority approved the Low Income Housing Tax Credits, with Minnesota Equity Fund and Cinnaire securing the equity funding from UnitedHealthcare.

As the syndicator, Minnesota Equity Fund placed $3.3 million in 4 percent low-income housing tax credit (LIHTC) equity into a multi-investor fund operated by Cinnaire.

The total cost includes $15.5 million in low income housing tax credits issued by the Minnesota Housing Finance Agency through a partnership with the Minnesota Equity Fund and with Cinnaire.

The plan for this project came out of the 18-month Housing Institute co-hosted by the Greater Minnesota Housing Fund and the Minnesota Housing Partnership.

The Minnesota Equity Fund provided $3.8 million in private investor capital to the development that provides a safer, more secure future for 47 families.
