NOAH Impact Fund to officially launch on June 6

GMHF will officially launch the NOAH Impact Fund on Tuesday, June 6.

On June 6 the Greater Minnesota Housing Fund will announce that it has officially launched the $25 million NOAH Impact Fund and will name the participating investors.

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.

Older Class B and Class C unsubsidized, private rental housing serves more households in the U.S. than subsidized housing, but today it is at risk of losing its affordability as prices for these properties rise dramatically, along with rents. These conditions are causing the displacement of thousands of low-income families and individuals throughout the Twin Cities metropolitan area.

The NOAH Impact Fund has raised social impact capital from seven investors, including Minnesota foundations, community banks, and state and local government. The NOAH Impact Fund will acquire 1,000 units of naturally occurring affordable housing (NOAH) in the Minneapolis-Saint Paul metropolitan area over the next three years.

Download NOAH Brochure

For more background about the NOAH Impact Fund, please download the NOAH Impact Fund Brochure (PDF).

Colorful banner image featuring the skyline that you might typically see in a small city or town in Greater Minnesota.

About the NOAH Impact Fund

The NOAH Impact Fund is a subsidiary of the Greater Minnesota Housing Fund. This program was established to enable the preservation of existing affordable housing for Minnesotans.

Learn More

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Greater Minnesota Housing Fund

AERIS Rating 2+FHLB Des MoinesGMHF is AERIS rated and a member of The Federal Home Loan Bank of Des Moines.

 

Staff Contacts

Rachel Robinson
NOAH Impact Fund Manager
rrobinson@gmhf.com
651.221.1997 x114

Warren W. Hanson
President & CEO, GMHF, MEF & NOAH
whanson@gmhf.com
651.221.1997 x107

General Contact Info

NOAH Impact Fund
c/o Greater Minnesota Housing Fund
332 Minnesota Street
Suite 1201-East
Saint Paul, MN 55101