Hennepin County

Housing fund looks to prevent displacement, gentrification

With the help of a $3 million contribution from Hennepin County, a $25 million fund is being assembled to purchase properties at risk of being purchased, renovated and gentrified. A metro rental market experiencing a vacancy rate under 3 percent has made certain apartment complexes attractive to developers looking to leverage that demand. Examples of… Read more

Fountain Terrace

New effort aims to save affordable housing in Hennepin County, metro area

A familiar scenario is increasingly playing out across the Twin Cities: Affordable housing being revamped into higher-end rentals with everything from dog spas to granite countertops, forcing out lower-income residents. Now a new funding initiative, the first of its kind in Minnesota, is being created to help reverse that trend. This week, Hennepin County approved… Read more

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How Hennepin County is preserving affordable housing

Greater Minnesota Housing Fund was granted $3 million Tuesday from the Hennepin County Board of Commissioners they will use to continue to build a $25 million fund to help keep people housed. The preservation effort is particularly mindful of those on section 8 or rent subsidy vouchers like Merche Banks, a single mother from Richfield, Minn… Read more

Emerald Park

Hennepin OKs $3M for affordable housing fund

A new investment fund aimed at preserving thousands of affordable housing units in the metro area got a $3 million boost Tuesday when the Hennepin County Board of Commissioners voted to support the effort led by the Greater Minnesota Housing Fund. The Hennepin County resolution sets aside $3 million to help save 1,000 affordable units… Read more

hennco100

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

Download NOAH Brochure

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

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About the NOAH Impact Fund

The NOAH Impact Fund is a subsidiary of the 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

AERIS Rating 2+FHLB Des MoinesGMHF is AERIS rated and a member of The Federal Home Loan Bank of Des Moines.

 

Staff Contacts

John Errigo
Acting NOAH Impact Fund Manager
jerrigo@gmhf.com
651.350-7224

Warren W. Hanson
President & CEO, GMHF, MEF & NOAH
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