Warren Hanson, president & CEO of the Greater Minnesota Housing Fund, announced today that it has officially launched the $25 million NOAH Impact Fund, a new impact investment fund designed to acquire 1,000 units of rental housing and maintain affordable rents for 15 years. Older Class B and Class C unsubsidized, private rental housing serves… Read more
Neal St. Anthony reported in his Sunday column in the Star Tribune that the NOAH Impact Fund will officially launch on Tuesday, June 6. The Greater Minnesota Housing Fund, which helps finance affordable housing for the swelling ranks of the working poor, will announce Tuesday a $25 million fund that is expected to acquire up… Read more
As reported in the Spring 2017 issue of Affordable Housing News. For the first time, real estate buyers who wish to preserve affordable housing properties in the Twin Cities metropolitan area will have access to a $25 million fund to help them do so. The NOAH Impact Fund is the result of a partnership between… Read more
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
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
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
