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Create Impact

So far, Minnesota Equity Fund has helped build 28 developments and 1,401 affordable homes.
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Find Experience

MEF joint venture team members have financed more than 48,400 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.

Beacon Hill

Beacon Hill named a “Top Project of 2016”

Beacon Hill grew from a partnership between Itasca County Health and Human Services, Itasca County Housing and Redevelopment Authority, GRACE House shelter, Northland Counseling Center Inc., the Minnesota Department of Corrections, Itasca County Probation and KOOTASCA Community Action. With 20 apartments and 28 townhouses, Beacon Hill serves a diverse mix of more than 120 tenants [...]

Gateway renovations get high marks

The early reviews are rolling in on the what’s-old-is-new-again Gateway Tower apartments on West Superior Street in downtown Duluth, and tenants say the renovations are a hit. “It couldn’t look better,” said 62-year-old Jan Nash, an 11-year resident of the 14-story tower. “New cabinets, new toilet and shower, new floors.” “Huge bathroom,” said Pam Blommer, [...]

Prestwick Village ribboncutting

UnitedHealthcare Invests $18.3 Million to Help Build New Affordable-Housing Communities in Michigan

UnitedHealthcare is investing $18.3 million to help build two new affordable-housing communities in Hart and Oak Park, Michigan. The announcement was made at a groundbreaking ceremony for Jefferson Oaks in Oak Park, where community leaders and investment partners celebrated the start of construction for the 60-unit mixed-income community. UnitedHealthcare is investing $14.6 million in the [...]

Jefferson Oaks groundbreaking

Oak Park targeted for affordable housing project

On Tuesday, officials with UnitedHealthcare will announce their investment to build Jefferson Oaks, a 60-unit mixed-income project in Oak Park at the site of a vacant school near Nine Mile and Rosewood Street. The project developer, Community Housing Network, will transform the former school into 20 apartments and build eight townhome buildings on the school [...]

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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