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
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
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
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
For more background about the NOAH Impact Fund, please download the NOAH Impact Fund Brochure (PDF).
GMHF is AERIS rated and a member of The Federal Home Loan Bank of Des Moines.
NOAH Impact Fund
c/o Greater Minnesota Housing Fund
332 Minnesota Street
Suite 1650-West
Saint Paul, MN 55101
