Next in Nonprofits 35 – Minnesota Equity Fund with Warren Hanson

Found on Next in Nonprofits is the what and why of GMHF, Minnesota Equity Fund, and the emerging NOAH Impact Fund

The Minnesota Equity Fund “is a new social enterprise designed to raise equity capital from Minnesota corporations and banks to invest in well designed, high quality, sustainable affordable housing developments throughout Minnesota.” The fund is a subsidiary social enterprise of the Greater Minnesota Housing Fund.

Warren Hansen, President and CEO of the Greater Minnesota Housing Fund, joins Steve Boland to talk about traditional means for supporting affordable housing development and preservation, and why the Minnesota Equity Fund – as well as the newly emerging NOAH Fund – are important new tools to meet more of the need for quality affordable housing. Creating a mechanism for equity investors to see a return on investment and a social impact is what Hanson describes as a “double bottom line” return.

Read more or listen to the podcast here.

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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