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
Donna Kimura, deputy editor of Affordable Housing Finance magazine, presents efforts from Portland, Oregon to Washington, D.C. to preserve naturally occurring affordable housing (NOAH). She includes a feature on GMHF’s NOAH Impact Fund. Rescue Mission: Community strategies emerge to preserve affordable housing By Donna Kimura 9/12/16 The Bronaugh Apartments is one of the oldest rental housing… Read more
A $3 million deal will help keep housing prices low for Minnesotans. The Hennepin County Board made the deal after a low-income housing group argued that affordable housing is disappearing in the Twin Cities area. Companies are snatching the cheaper units, fixing them up and renting out the renovated units for a higher price. That makes for some beautiful… Read more
By Donna Kimura The Minneapolis-St. Paul area is taking a stand to stem the loss of affordable housing. In an initiative that’s the first of its kind in the region, officials have launched a fund that seeks to preserve 2,000 unsubsidized affordable rental homes in the Twin Cities. The Naturally Occurring Affordable Housing (NOAH) Impact… Read more
NOAH Impact Fund executes pilot projects to demonstrate the viability of the investment program. Fountain Terrace is the first pilot project financed by the NOAH Impact Fund. The Fund builds on the best practices nationally of affordable housing developers that have acquired and manage new portfolios of existing unsubsidized affordable housing. In August 2015, the… Read more
For more background about the NOAH Impact Fund, please download the NOAH Impact Fund Brochure (PDF).
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.
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
