Fountain Terrace: NOAH Impact Fund’s First Pilot Project
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.
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, socially motivated 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.