Research

Twin Cities Group Creates $25M Fund to Preserve Affordable Housing

From a Star Tribune news story by Emma Nelson. After years of watching the Twin Cities’ affordable housing market grow increasingly tight, a group of affordable housing advocates, nonprofits and private companies has decided to take the problem into its own hands. The Greater Minnesota Housing Fund, a nonprofit affordable housing lender, is developing the… Read more

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Hennepin County to help preserve affordable homes for residents.

The Hennepin County Board of Commissioners, voting as the Housing and Redevelopment Authority, agreed to invest $3 million in a fund that will be used to finance the purchase of about 530 units of existing affordable housing in the county. The county’s investment is part of a $25 million metro-area initiative by the Greater Minnesota… Read more

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Next in Nonprofits 35 – Minnesota Equity Fund with Warren Hanson

The Minnesota Equity Fund “is a new social enterprise designed to raise equity capital from Minnesota corporations and banks to invest in well designed, high quality, sustainable affordable housing developments throughout Minnesota.” The fund is a subsidiary social enterprise of the Greater Minnesota Housing Fund. Warren Hanson, President and CEO of the Greater Minnesota Housing… Read more

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The Space Between: Unsubsidized Housing’s Potential in Minnesota

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… Read more

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Download NOAH Brochure

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

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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.

 
AERIS RATED AAA +2 FHLB Des Moines

Staff Contacts

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

General Contact Info

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