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.
LIHTCs Bring Affordable Youth Housing to Affluent Minnesota Neighborhood
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.
Off the Floor and Into Dignified Digs – Higher Ground Saint Paul Delivers
Higher Ground now provides shelter to more than 450 people, and includes 232 semi-private bunks and 165 single room occupancy units of permanent housing for formerly homeless individuals.
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.
Beacon Hill Supportive Housing Community Opens in Grand Rapids
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.
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...."
Help for a Family in Need
Meet a family from Thief River Falls whose lives have been changed for the better thanks to GMHF's development and investment partners.
Marshall Parkway Addition
GMHF participated with technical assistance for the single-family development, downpayment funds, and a $288,000, 0% interest deferred loan to Parkway Townhomes.
Rochester Area First Homes Program
GMHF has provided significant technical assistance and financial resources to the state's largest employer-assisted housing effort.
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.