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Create Impact

So far, Minnesota Equity Fund has helped build 21 developments and 1,050 affordable homes.
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Find Experience

MEF joint venture team members have financed more than 38,200 units of affordable housing combined.
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Work directly with our responsive leadership team at our small and nimble organization.
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Connect to all the companion loan products you need with Greater Minnesota Housing Fund – MEF’s parent organization.

Together, we’re doing good work.

Behind each investment dollar and development plan, there are real individuals and families who are accessing the affordable housing they need thanks to our collaboration. Below are just a few of our projects and partners.

Gateway Tower

Duluth’s Gateway Tower due for $18.5M redo with MEF equity

They’re already planning to return in about a year to celebrate the end of a project so extensive it will replace virtually everything but the property’s concrete shell – and even that will be covered by a new contemporary metal skin. “We’re really happy to make an intervention to protect the building,” said Jeff Corey, [...]

Beacon Hill project partners

Beacon Hill supportive housing community opens in Grand Rapids

The idea for the 48 new homes and supportive services for low-income individual and families, as well as formerly homeless and disabled individuals came out of the 18-month Housing Institute co-hosted by GMHF and the Minnesota Housing Partnership. Itasca County HRA worked closely with a close-knit group of project partners which included the Minnesota Department [...]

Construction Underway for New Community for Military Veterans Struggling with Homelessness

Struggling military veterans will have access to new housing and resources to help end the cycle of homelessness, as construction is now underway for a new, affordable-housing community in Minneapolis. During a ceremonial groundbreaking for Veterans East, veterans groups, project partners and community leaders heralded the new development as vital in helping end homelessness among [...]

Mary Tingerthal at groundbreaking

Struggling Military Veterans Have More Options in Minnesota

Veterans, project partners and community leaders recently celebrated the groundbreaking of a new, affordable housing community in Minneapolis. Called Veterans East, the upcoming development will help end homelessness among military veterans in Minnesota. According to Heading Home Minnesota, a public-private partnership that aims to end homelessness, more than 10,000 Minnesotans are homeless on any given [...]

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About Minnesota Equity Fund

Minnesota Equity Fund (MEF) is a subsidiary of Greater Minnesota Housing Fund (GMHF). MEF and Cinnaire are joint venture partners collaborating to achieve our common mission to create more high quality affordable housing.

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Our Joint Venture Team

Greater Minnesota Housing Fund

AERIS RATED AAA +2FHLB Des MoinesGMHF is AERIS-rated and a member of the Federal Home Loan Bank of Des Moines.

Staff Contact

John Errigo
Director of Syndication & Loan Officer
jerrigo@gmhf.com
651.221.1997 x115

Warren W. Hanson
President & CEO, GMHF & MEF
whanson@gmhf.com
651.221.1997 x107

General Contact

Minnesota Equity Fund
c/o Greater Minnesota Housing Fund
332 Minnesota Street
Suite 1201-East
Saint Paul, MN 55101