Creating Affordable Housing

UHG invests in new rental homes in Madison

Developer Royal Capital Group has opened Harmony @Grandview Commons, a 94-unit affordable housing property in Madison, Wis. Funded through a public-private partnership that includes $11 million from the Wisconsin Housing & Economic Development Authority and $5.4 million from UnitedHealthcare placed by Minnesota Equity Fund, the new development is dedicated to working families in the Madison… Read more

Mysa House

Mora senior housing welcomes residents

Grand opening of Mysa House in November 2018 celebrates completion on new senior housing in Mora. Greater Minnesota Housing Fund provided a $535,000 deferred loan to support Mysa House, and Minnesota Equity Fund and its strategic partner Cinnaire provided an equity investment of $1.2 million in private capital… Read more

Gateway Tower exterior

After Months of Work, Renovated Gateway Tower Unveiled in Full

“Only in Duluth,” said Warren Hanson, president of the St. Paul-based Greater Minnesota Housing Fund, which secured more than two-thirds of the $18.5 million needed for the reconstruction project. An hour of anecdotes and appreciations brought together bits of the building’s history since it opened in 1974 as a home mostly for people of lower… Read more

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… Read more

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… Read more

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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