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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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Partner with Us

Work directly with our responsive leadership team at our small and nimble organization.
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One-stop Shop

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.

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Commons at Penn Opens in North Minneapolis

Minneapolis developer Building Blocks, Inc. and its many project funders are pleased to announce the grand opening of Commons at Penn, a new construction, 47-unit, mixed-use, transit-oriented development in the heart of the Willard-Hay neighborhood in Minneapolis. The new residential community, located at the intersection of Penn Avenue and Golden Valley Road, provides attractive new [...]

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CommonBond Communities Transforms Historic Structures into Community for Homeless Veterans

Military veterans and their families struggling with homelessness now have new homes and resources to help end the cycle of homelessness, with the completion of a 58-unit affordable-housing community at Fort Snelling. During a ceremonial ribbon-cutting and open house, newly moved-in residents, veterans groups, project partners and community leaders heralded Upper Post Veterans Community as [...]

Beacon Hill partners

Many hands make for light work

“Can’t you just hear children’s laughter up here?” “Can you imagine people playing games and being social here?” Those who accompanied Audrey Moen on a grand opening tour of Beacon Hill this Wednesday were treated to encouraging portraits of the dream for the new supportive housing development in Grand Rapids. Moen is Housing Manager with [...]

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Mixed-use community hub, Commons at Penn, celebrates grand opening of apartments, future co-op

Minneapolis developer Building Blocks, Inc. and its many project funders are pleased to announce the grand opening of Commons at Penn, a new construction, 47-unit, mixed-use, transit-oriented development in the heart of the Willard-Hay neighborhood in Minneapolis. The new residential community, located at the intersection of Penn Avenue and Golden Valley Road, provides attractive new [...]

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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

Sonja Simonsen
Director of Syndication
ssimonsen@gmhf.com
651.221.1997 x120

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