New $25M Fund Officially Launched, Investors Named
The NOAH Impact Fund is a new investment fund designed to acquire 1,000 units of rental housing and maintain affordable rents for 15 years.
preservation
Duluth’s Gateway Tower to Receive $18.5M Redo with MEF Equity
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.
New Fund Can Help Preserve Affordable Housing Stock
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...."
Hennepin County Commits to Preserving ‘Naturally Occurring’ Affordable Housing
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.
Key Housing Organizations Take Coordinated Approach to Preserving Rural Rentals
A collaborative effort among government agencies and nonprofit organizations in Minnesota aims to keep the “affordable” in rural affordable housing.