The Space Between: Unsubsidized Housing’s Potential in Minnesota

"Unsubsidized" or naturally occurring affordable housing is an untapped resource in Minnesota's efforts to preserve and increase the amount of affordable housing available to its residents. Find out more in this report.

Minnesota has a robust affordable housing system in terms of federally and locally subsidized properties, but a comparatively less systemic response exists to address unsubsidized properties that are affordable to lower-income households.

These unsubsidized rental properties taken together provide more affordable housing statewide than all privately owned subsidized rental properties. Included in this group are properties that have affordable rents and are currently occupied by lower-income households, as well as those that have affordable rents but are occupied by higher-income households.

GMHF and its partners in the Minnesota Preservation Plus Initiative commissioned a comprehensive study to explore the nature and challenges inherent in this unsubsidized housing stock. “The Space Between” details the findings of this study, and makes recommendations for specific policies and strategies to identify and preserve these needed units in Minnesota, before they are lost to development pressures or become unaffordable.

Download the Report (PDF)



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 NOAH Impact Fund

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


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Greater Minnesota Housing Fund

GMHF is AERIS rated and a member of the  
Federal Home Loan Bank of Des Moines.


Staff Contacts

John Errigo
Director of Investing & Fund Manager

General Contact Info

NOAH Impact Fund
c/o Greater Minnesota Housing Fund
332 Minnesota Street
Suite 1650-West
Saint Paul, MN 55101