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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.

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, [...]

New Minneapolis Housing Community Provides Hope for Veterans Struggling with Homelessness

An important milestone was reached today in helping end homelessness among military veterans in Minnesota with the opening of Veterans East, a new 100-unit apartment community adjacent to the Veterans Hospital near Fort Snelling. During a ribbon-cutting ceremony, newly moved-in veterans, many of whom have struggled with homelessness, thanked community leaders and development partners for [...]

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 Tower exterior

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, [...]

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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