Preserving Affordable Housing

Minnesota Housing Partners Work to Preserve Affordability of Rural Homes in Central Minnesota

Rural Development Property will be Preserved in Hackensack, Minnesota Rural, affordable homes are saved this month as Greater Minnesota Housing Fund’s board approved a loan to preserve a 19-unit Rural Development property in Hackensack, Minnesota. D.W. Jones will continue ownership and management of the property, and Voronyak Builders will serve as contractor. Birch Lake Apartments… Read more

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… Read more

Prestwick Village ribboncutting

UnitedHealthcare Invests $18.3 Million to Help Build New Affordable-Housing Communities in Michigan

UnitedHealthcare is investing $18.3 million to help build two new affordable-housing communities in Hart and Oak Park, Michigan. The announcement was made at a groundbreaking ceremony for Jefferson Oaks in Oak Park, where community leaders and investment partners celebrated the start of construction for the 60-unit mixed-income community. UnitedHealthcare is investing $14.6 million in the… Read more

Gateway Tower

Duluth’s Gateway Tower due for $18.5M redo with MEF equity

They’re already planning to return in about a year to celebrate the end of a project so extensive it will replace virtually everything but the property’s concrete shell – and even that will be covered by a new contemporary metal skin. “We’re really happy to make an intervention to protect the building,” said Jeff Corey… Read more

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Whether you're ready to investigate financing options, or are in the early planning stages, Greater Minnesota Housing Fund can provide the technical assistance needed to get your idea off the ground. Learn more.

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What is LIHTC and what are the benefits?

Not sure if LIHTC is a good possible financing or investment opportunity for you? You can learn more basic information about it here. Feel free to reach out to us to learn more.

General Contact

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

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For more background about the Minnesota Equity Fund, please download the MEF Brochure (PDF).

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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