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Top GMHF Program Priorities
Foreclosure Recovery
Minnesota Equity Fund
Minnesota Preservation Plus
GMHF Legacy Programs
Building Better Neighborhoods
Emerging Markets
Employer Assisted Housing
Heading Home Minnesota
HRA/EDA Housing Institute
Iron Range Housing Initiative
Legislative Advocacy
Minnesota Green Communities
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minnesota Preservation Plus
Preventing the Loss of Minnesota’s
Affordable Rental Housing Stock

Program Goal: Preserve 18,000 units* of affordable rental housing statewide over the next ten years, in partnership with Minnesota Housing and Family Housing Fund.

The supply of affordable rental housing is threatened as units are lost each year to physical deterioration, opt-out from federal housing programs, and market-rate conversion. Lack of affordable rental housing destabilizes families and threatens community vitality. Greater Minnesota Housing Fund, Family Housing Fund and Minnesota Housing are collaborating on the Minnesota Preservation Plus Initiative (MPPI), with a goal to preserve 18,000 units of affordable housing over ten years. MPPI is funded by The MacArthur Foundation as part of its national Window of Opportunity initiative to support the preservation of affordable rental housing nationwide. To address the preservation challenges facing our communities, GMHF will:

  • Create clear funding priorities based on preservation risk factors and target limited subsidy resources to high priority developments.
  • Design model buyer-seller transactions that will enable more cost-effective and efficient ownership transfers.
  • Develop preservation training programs for sellers and buyers of aging affordable housing developments to increase the scale of preservation transactions statewide.
  • Deliver flexible loan products that address the unique challenges associated with affordable rental preservation financing.
  • Identify and advocate for policy and program changes that will result in increased preservation activity.

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


* Includes both subsidized and unsubsidized units.

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announcements

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GMHF aids flood recovery efforts at Barnum Apartments. Click here to view featured news story.

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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.

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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.

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USDA mortgage program puts rural home buying within reach for some
by Tom Robertson, Minnesota Public Radio
Wed, July 11, 2012

Recovery centers open in NE Minnesota | Minnesota Public Radio News
Fri, July 6, 2012

Housing Rebound Accelerated by State Agencies: Mortgages - Businessweek
Thu, Jun 28, 2012

Hope for the homeless | StarTribune.com
Mon, Jun 11, 2012

Tax Credit at risk for low income housing
Fri, Apr 27,2012

WDIO.com - Affordable Housing Grand Opening in Duluth
Thu, Apr 12, 2012

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