Minnesota

Equity Fund

MEF helps investors and developers connect with each other so Minnesotans can connect with the affordable housing they need.

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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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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.

Minnesota Development Opens for Struggling Veterans

Affordable Housing Finance covered the opening of Brustad Homes (Veterans East) in Minneapolis. A new affordable housing development for veterans struggling with homelessness has opened this fall in the Twin Cities. Adjacent to the VA Medical Center near Fort Snelling, the 100-unit Richard A. Brustad Homes makes another dent in reducing veteran homelessness in the [...]

Construction Begins for The Flats at Grandview Commons

FOR IMMEDIATE RELEASE Madison, Wis. (November 3, 2017) – Community leaders, local residents and development partners came together today to celebrate the start of construction for The Flats at Grandview Commons, a new 94-unit affordable housing community designed for working families in the region. Developed by Royal Capital Group, the new community is being built [...]

Mysa House, pilot project for affordable senior housing, breaks ground in Mora

Greater Minnesota Housing Fund and Minnesota Equity Fund joined developer D.W. Jones, Mora Housing and Redevelopment Authority, Cinnaire, Minnesota Housing and other project partners to celebrate the start of construction of Mysa House on Oct. 30, 2017. The day was an early celebration of the 24 units of affordable senior housing that will soon grace [...]

Park Place of Bemidji Grand Opening

GMHF staff excitedly joined government officials, organization personnel and business leaders to celebrate the grand opening of Park Place in Bemidji on October 27, 2017. The building is managed by the Duluth-based Center City Housing Corp. and is located at 598 Third St. NW. The project cost approximately $7 million to build. The complex has 20 employees, [...]

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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
651.350-7224

Warren W. Hanson
President & CEO, GMHF & MEF
whanson@gmhf.com
651.350-7220

General Contact

Minnesota Equity Fund
c/o Greater Minnesota Housing Fund
332 Minnesota Street
Suite 1650-West
Saint Paul, MN 55101