Beacon Hill supportive housing community opens in Grand Rapids

The Beacon Hill supportive housing community opened to its first residents in Grand Rapids, MN on August 1, 2016.

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 of Corrections in addition to the city, county, Northland Counseling, and developer D.W. Jones.

  • Beacon Hill, Grand Rapids, MN
  • 48 units of affordable housing for formerly homeless individuals, families, vets, and other vulnerable/disabled individuals
  • 20 supportive housing units: 10 for formerly homeless individuals/families; 10 for persons with disabilities
  • 28 two- and three-bedroom units for families with children
  • All units income restricted at or below 60% AMI
  • Total Development Cost: $8.6 million
  • Minnesota Equity Fund provided $2.5 million in tax credit equity
  • Project of the Housing Institute

Minnesota Housing Partnership published a case study about the development.

QUICK FACTS

Beacon Hill provides 48 units of affordable housing with supportive services for formerly homeless individuals, families, vets, and other vulnerable/disabled individuals.

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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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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