Greater Minnesota Housing Fund
Strong Communities. Affordable Homes.
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 Star Tribune calls NOAH Impact Fund a "sensible addition to local affordable housing efforts...it can help preserve and expand decent, lower-cost places to live for thousands of people...."
Meet a family from Thief River Falls whose lives have been changed for the better thanks to GMHF's development and investment partners.
GMHF participated with technical assistance for the single-family development, downpayment funds, and a $288,000, 0% interest deferred loan to Parkway Townhomes.
GMHF has provided significant technical assistance and financial resources to the state's largest employer-assisted housing effort.
The affordability of the 72-unit Fountain Terrace Apartments in New Brighton has been preserved with the help of a pilot acquisition under the NOAH Impact Fund.
MinnPost covered the county’s $3 million contribution towards GMHF's NOAH Impact Fund, which will support naturally affordable buildings from being converted to market rate housing.
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.
A collaborative effort among government agencies and nonprofit organizations in Minnesota aims to keep the “affordable” in rural affordable housing.
