Aeon Closes on Minneapolis Portfolio for $27 Million
NOAH Impact Fund provided equity to support the preservation of 220 units of naturally occurring affordable housing for low-income residents in Minneapolis and Edina.
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.
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.
More than 750 Apartment Homes to Remain Affordable Thanks to Broad Partnership
NOAH Impact Fund resources helped support the preservation of one of the largest portfolios of unsubsidized affordable housing in the Twin Cities.
Latest Way Local Governments are Trying to Combat the Twin Cities’ Affordable Housing Crisis
Two apartment complexes in Richfield tell the story of one way local governments are trying to maintain the region’s supply of privately owned affordable housing.
Editorial: Another Way to Keep Housing Affordable
The Pioneer Press Editorial Board discussed how the NOAH Impact Fund will preserve the affordability of 1,000 unsubsidized rental units in the Twin Cities over the next three years.
Documentary Shares Tenant Stories, Lifts Up Solutions to Loss of Affordable Housing
Produced by Twin Cities PBS, Sold Out reveals the price we all pay when families are pushed out when modestly priced units are replaced with upscale developments.
Bremer, Western, and Sunrise Banks Join $25 Million Affordable Housing Fund
The Star Tribune reported on the launch of the NOAH Impact Fund, which comes at a critical time for low- and fixed-income renters in the Twin Cities metro.
New $25M Fund Officially Launched, Investors Named
The NOAH Impact Fund is a new impact investment fund designed to acquire 1,000 units of rental housing and maintain affordable rents for 15 years.
Fund Aims to Curb Rising Rents in Twin Cities
Finance & Commerce covers the launch of our $25 million NOAH Impact Fund, where housing providers will be eligible for assistance in acquiring multifamily complexes across the metro.