From a Star Tribune news story by Eric Roper. It seems not a week goes by lately without news about low-income tenants forced to move when their landlord sells their apartment building to investors. A new report offers numbers behind those anecdotes, illustrating a major shift in the local rental market. In “Sold Out,” released… 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
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
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
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
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
