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Community Financing
Interim Financing
Permanent Financing
Other Resources
Applications and Forms
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Loans for Affordable Housing

Greater Minnesota Housing Fund offers a comprehensive set of development financing tools to assist in the creation of affordable housing and mixed-use developments in Greater Minnesota.  Loans are available to nonprofit and for-profit developers, and local government agencies.

GMHF offers the following types of financing

  • Predevelopment Loans
    To plan and design, assemble financing, and manage the early development phases of affordable housing projects. 
  • Acquisition Loans
    To purchase land or buildings for development, redevelopment or preservation with feasible take-out financing secured or identified. Priority is given to housing preservation projects with expiring federal or state subsidies. 
  • Construction/Rehabilitation Loans 
    Construction financing to support the production and preservation of affordable rental development and single family homes. 
  • Foreclosure Recovery Revolving Loans
    Low-interest financing to purchase and rehabilitate foreclosed, vacant and abandoned single-family homes. 
  • Low Income Housing Tax Credit (LIHTC) Bridge Loans
    Interim financing to bridge the construction and equity pay-in periods when permanent financing has been committed to LIHTC project. 
  • Historic Tax Credit (RTC) Bridge Loans Bridge
    Ffinancing until equity pay-in occurs on historic tax credit projects with an affordable housing component. 
  • Tax Increment Financing (TIF) Loans
    Long term tax increment financing (TIF) to help capitalize community development and redevelopment projects with emphasis on affordable housing developments. 
  • Permanent & Mini-Perm Loans
    Long term first mortgage financing for multi-family properties, mixed-use, adaptive re-use projects, or manufactured home park projects.
  • Flexible Short-Term Loans
    Innovative financing programs to help meet the unique local affordable housing and community development needs of partners in Greater Minnesota. 
  • Other Financing
    GMHF welcomes the opportunity to explore other financing needs with affordable housing partners in Greater Minnesota including loan participations with other CDFI's and commercial lenders.

Please contact us at info@gmhf.com or 800.277.2258 if you would like more information on this program.

  • Click here to view a complete set of Current GMHF term sheets for all loan products

  • Click here to download GMHF's Multifamily Development Interim Loan Application

  • Click here to download GMHF's Single-Family Development Interim Loan Application. Click here for the Single-Family Project Budget Attachment.

  • Click here to download GMHF's Interim Loan Application Check List for all loan products
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announcements

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Greater Minnesota Housing Fund has launched the Minnesota Equity Fund to help Minnesota companies invest in Minnesota communities. 
Click here to learn more.

2010tnail
New GMHF Progress Report now available featuring the accomplishments of housing partners across the state. Click here to view the report.

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Portraits of Home documentery photography exhibit now on tour. Click here to view upcoming events.

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GMHF makes Building Better Neighborhoods home plans available to provide homebuyers, communities and builders with a variety of options that lead to the construction of healthier homes that are more affordable to own and operate. Click here to view these free homeplans.

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In the HOMES FOR ALL documentary, Twin Cities Public Television takes an in- depth look at the vast need for sustainable, affordable housing choices in Minnesota.

Benefits of CT class go beyond student learning | Crookston Times
Wed, 2 February 2012

The Heart of the Matter - Is Owning a Home Still Worthwhile
Tuesday January 24, 2012

Three Rivers bridging homeowner gap through Somalis
Monday January 23, 2012

Take KARE of your MONEY: Home Affordable Refinance Program | kare11.com
Wed, 18 Jan 2012

Rosenblum: Event offers a humbling new way to look at homelessness | StarTribune.com
Tue, 17 Jan 2012

Despite squeeze, affordable housing remains a priority | StarTribune.com
Fri, 23 Dec 2011

Hundreds mourn Minnesotans who died homeless | Minnesota Public Radio News
Mon, 19 Dec 2011

MinnPost - Homeless, desperate and living out of cars
Wed, 30 Nov 2011

Higher demand for homeless services stresses those who help | Minnesota Public Radio News
Mon, 21 Nov 2011

Home for Chronic Inebriates - KIMT.com – Iowa & Minnesota Together
Tue, 15 Nov 2011

Once a fort, soon a haven for homeless vets Abandoned Fort Snelling buildings in line for $10.2 million renovation - TwinCities.com
Tue, 15 Nov 2011

Report: Housing groups struggle against foreclosure wave - Finance & Commerce
Mon, 14 Nov 2011

Affordable housing design: Solid, but could be better | StarTribune.com
Mon, 14 Nov 2011

Duluth family of 5 goes from living in SUV to apartment | Duluth News Tribune | Duluth, Minnesota
Mon, 14 Nov 2011

One in 15 of us among nation's 'poorest poor' - TwinCities.com
Thu, 03 Nov 2011

 

Click on story for more information

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