GMHF Founding President and CEO to Retire After 27 Years
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.
An Anchor Institution’s Big and Bold Investment
Essentia is expanding its role as a committed community anchor institution in Duluth and is currently partnering on three affordable housing developments.
All Eyes on Mother-Daughter Team, Amani Construction
GMHF's Emerging Developers Program has supported Joanna and Jeniffer Kuria as they bring a community-minded approach to affordable housing development.
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.
Aeon Closes on Minneapolis Portfolio for $27 Million
NOAH Impact Fund provided the equity investment 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.