NOAH News

Preserving affordable housing is a hot topic. Here you'll find some of the latest news related to Naturally Occurring Affordable Housing, and the activities of the NOAH Impact Fund.
Habitat home

Editorial: Busting myths about affordable housing and the people who live there

It’s a scenario that plays out again and again, in every corner of The Corridor: a developer announces plans to create affordable housing units outside “those” neighborhoods where such units already are relatively plentiful, and neighbors start complaining. The torpedoing last month of a 45-unit, mixed-income housing complex along Edgewood Road in Cedar Rapids was… More

How luxury apartments in Uptown affect low-income tenants in Frogtown

Crossroads at Penn in Richfield and Meadowbrook Manor in St. Louis Park were middle-aged apartment complexes that offered a large supply of what has become known as naturally occurring affordable housing, NOAH for short. They aren’t public and they aren’t subsidized, but their owners did accept state and federal housing vouchers that helped low-income tenants… More

Editorial: New lending fund can help preserve affordable housing stock

The midrange and luxury rental housing markets are hot in the Twin Cities — largely driven by demand from those earning $50,000 or more a year. They have the means to live in the new and renovated, amenity-filled buildings that are quickly rising across the metro area. Yet as more upscale rental buildings open, fewer… More

sold-out-meadowbrook-manor

Report: Investors upgrade apartments, displace renters

Apartment sales in the seven-county metro increased 165 percent between 2010 and 2015, according to the report, which analyzed data from Marquette Advisors, CoStar and Finance & Commerce’s Twin Cities Apartment Sales Tracker. Many units – often in Class B or Class C buildings – are being refurbished, rebranded and leased for more than the… More

American Indian CDC

American Indian Community Development Corp. delivers housing on E. Franklin Av.

Gabriel Corbesia works as a security guard and recently graduated from Summit Academy near the top of his carpentry class. Corbesia, a member of the Lac Courte Oreilles Band of Lake Superior Chippewa who grew up in the Phillips neighborhood of Minneapolis, has wrestled with alcoholism and homelessness. Today, he is a thankful, productive citizen… More

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Download NOAH Brochure

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

NOAH brochure cover

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 Greater Minnesota Housing Corporation. This program was established to enable the preservation of existing affordable housing for Minnesotans.

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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