Rise on 7 Delivers Affordable Housing and Child Care
Affordable Housing Finance featured the new 120-unit St. Louis Park development for low-income residents built with support from GMHF and the Minnesota Equity Fund.
Affordable Housing Finance featured the new 120-unit St. Louis Park development for low-income residents built with support from GMHF and the Minnesota Equity Fund.
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 is joining local and national movements to deepen their commitment to making new investments addressing social determinants of health, including affordable housing.
The inaugural cohort recently wrapped up and has led to a new coalition to act as a collective voice for housing investment by healthcare systems.
MPR News highlighted the $1 million grant from the Blandin Foundation to support GMHF's capacity building and spur development of more than 400 affordable housing units.
The 2023 legislature approved more than 10 times the funding to address affordable housing than in any previous year, including a Recuperative Care bill that was advocated for by GMHF.
Brennan takes over from founder Warren Hanson and brings vast housing experience and a commitment to achieving equitable outcomes through strong partnerships and creative solutions.
Six of the top ten health systems in Minnesota will participate, each sending a team of professionals to advance their organizations' social determinants of health investment goals.
During Warren Hanson's tenure, GMHF provided nearly $1 billion in financing and mobilized another $3.1 billion in investments to support more than 20,000 affordable homes across Minnesota.
Over $13.9 million in loans and $475,000 in predevelopment grants were awarded to 23 projects led by emerging developers to produce and preserve 480 units of affordable housing.