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.

NOAH Fund recognized with national award from HUD, Council on Foundations

SAINT PAUL – Today, the U.S. Department of Housing and Urban Development (HUD) and the Council on Foundations announced the 2019 winners of the Secretary’s Award for Public-Philanthropic Partnerships. The awards recognize innovative partnerships between foundations and government that have been critical in transforming communities and improving the quality of life for low-and moderate-income residents… Read more

More Real Estate Funds Aim to Preserve Housing

Twin Cities reporter Beth Mattson-Teig reports in National Real Estate Investor on social impact investment funds set up to address the loss of affordable (and unsubsidized) rental housing. The flurry of value-add apartment investing in recent years has sparked a countermove by public and private entities that are pooling their capital and stepping in to slow… Read more

Provinces

Ramsey Co, NOAH Impact Fund help Aeon buy/preserve 118 apartments

From the Pioneer Press: A Minneapolis-based nonprofit has bought 118 apartments in Little Canada in order to keep them affordable. Aeon announced Friday that it had purchased The Provinces, an apartment complex west of Interstate 35E on Little Canada Road. The buildings, which are home to roughly 300 residents, were previously owned by Dominium. To finance… Read more

NOAH Impact Fund partners with Aeon to preserve 118 homes

NEWS RELEASE Minneapolis – Today Aeon and the NOAH Impact Fund of Greater Minnesota Housing Fund (GMHF) completed the purchase of The Provinces, a property which includes 118 apartment homes in Little Canada. The building was sold by Dominium. Other key partners in the acquisition include NorthMarq Capital, which provided the mortgage through Freddie Mac’s… Read more

The Loss of NOAH: Research from Minnesota Housing

In recent years, the loss of Naturally Occurring Affordable Housing (NOAH) has been getting much attention. NOAH rental units are affordable without government assistance or subsidies and are typically older properties that lack amenities. In some cases, these properties are losing their affordability after being sold and rehabilitated/improved. The purpose of this analysis is to… Read more

Older

Archives

Categories

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.  

logo_teal_notofficialcontactforofficial

Learn More

 

Greater Minnesota Housing Fund

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

 
AERIS RATED AAA +2 FHLB Des Moines

Staff Contacts

John Errigo
Director of Investing & Fund Manager
jerrigo@gmhf.com
651-350-7224

Warren W. Hanson
President & CEO, GMHF, MEF & NOAH Impact Fund
whanson@gmhf.com
651-350-7220

General Contact Info

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