greater minnesota
housing fund
Information for Investors
Investment Opportunity
As a certified community development
financial institution (CDFI), Greater Minnesota Housing
Fund provides a unique investment opportunity for socially
motivated investors who want to put a portion of their
assets to work for long-term community development in greater
Minnesota. Investments will be used to make loans to economically
viable affordable housing projects that address vital community
needs and leverage additional public and private support
for affordable housing for low- and moderate-income households
in greater Minnesota.
As the demand for GMHF services increases,
so does the need for additional capital that can be pooled
with other investments for affordable housing projects.
Given the projected shortage of 10,600 affordable homes
by 2010 (Source:
The Next Decade of Housing in Minnesota, BBC Research,
2003) GMHF is seeking to expand debt and
equity capital from funders
and investors
to
better meet the capital needs for affordable housing production
and preservation.
Track Record
As the primary non-profit lender for affordable housing
in greater Minnesota, GMHF has awarded more than $94.3
million in gap and interim financing since 1996 for the
highest priority affordable housing projects across the
state. GMHF financing, combined with its planning and
technical assistance, has helped stimulate the production
and preservation of over 6,800 affordable homes in greater
Minnesota. As a result, GMHF is one of the largest non-profit
affordable housing lenders in the country and has leveraged
over $780 million in total financing for affordable housing.
GMHF approves approximately $10 million annually in interim
and permanent subsidy financing.
For More Information
Call or email Warren
Hanson, President & CEO, at 651-221-1997,
Ext. 107
Related Information for Investors
(available upon request)
- GMHF
Audit
- CDFI Certification Letter
- Certificate of Incorporation
Total Interim Loans by Type (click
to enlarge .pdf)
|
Supporting
the creation of affordable housing
for Minnesota's working families. 
