Greater Minnesota Housing Fund
Strong Communities. Affordable Homes.
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.
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.
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.
For the last decade, the property has provided stable living arrangements and supportive services for 70 people who would otherwise be homeless.
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.
United Community Action Partnership and partners, including GMHF, broke ground for the first of five new affordable single-family homes in Marshall.
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.
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.
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.
