Preserve Homes
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City of Hutchinson Preserves 39 Naturally Occurring Affordable Homes (NOAH) with New Developer
To “Preserve the Homes We Have” in Minnesota, Greater Minnesota Housing Fund (GMHF) partnered with a new developer and the City of Hutchinson for preservation of 39 Naturally Occurring Affordable Housing (NOAH) rental homes. 907 Dale Street Apartments is a 39-unit three-building project built in 1974. The project was in dire need of upgrades to…
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City of Saint Paul passes S.A.F.E. Housing Saint Paul Tenant Protections
(As of 4.21.21 there is pending litigation on this program.) In 2017, the City of Saint Paul developed a Fair Housing Work Group to outline potential pathways for the city to advance fair housing. The Fair Housing Work Group identified goals to create the infrastructure needed to support policy and strategy work around changing the…
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St. Louis Park Enacts Ordinances to Protect Tenants
Rental properties make up about 44 percent of available housing in St. Louis Park. A 2017 study showed that of those rental properties, about 45 percent was naturally occurring affordable housing (NOAH). It’s suspected that figure has decreased more since 2017, which is indicative of the overall decline in NOAH properties in the Twin Cities.…
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Pioneering Move Brings Millions in New Dollars to Preserve Single-family Public Housing in Minneapolis
The Minneapolis Public Housing Agency (MPHA) owns and operates over 5,900 housing units, including 42 high-rise buildings that serve mostly elderly and disabled individuals. It is less commonly known that MPHA owns more than 700 single-family, duplex, and fourplex homes for families across Minneapolis. These “scattered sites” are particularly expensive to operate. Some are more…
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Juanita’s Family Weathers COVID-19 in their Habitat Home
“It shouldn’t take a crisis to show how important housing is.” -Juanita, Habitat homeowner since 1995 In 1995, Juanita, Jacques, and their family moved out of a cramped fourplex and into their Habitat home. It’s one of thousands of homes across the Twin Cities built or preserved thanks to your support. For 25 years, that…
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CommonBond’s Continued Expansion Efforts Across the Midwest
With the economic repercussions of COVID-19 continuing to threaten the health of our communities, the need for homes that are safe and affordable is more urgent than ever. In the face of great instability for so many renters across the country, CommonBond Communities remains deeply committed to providing supportive services along with safe, stable, affordable…
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Transformation of a Defunct College Campus to a Church with Transitional Housing
This is a story of how faith, vision, ambition, collaboration and partnership create amazing opportunities. Crossroads Bible College, located in a bucolic wooded valley in southwest Rochester, went out of business in 2015. For nearly three years local developers and real estate agents tried in vain to find a financially sustainable use and buyer for…
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Housing Preservation Impact – ULI MN and Regional Council of Mayors Create Preservation Work Groups
Story of Impact Submitted by Cathy Capone Bennett, ULI Minnesota Housing Goal Two – Preserve the Homes We Have Since 2017, ULI Minnesota/Regional Council of Mayors, has led the convening of a regional preservation work group. These work group sessions engage cities in knowledge sharing and technical assistance, elevating the importance of action on local policies…
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New Funding Extends Affordability on Expiring USDA Rurual Development (USDA-RD) Mortages
Story of Impact from Minnesota’s Housing Scorecard, Feb. 2020: Housing Goal Two – Preserve the Homes We Have Scheduled expirations of USDA-RD mortgages jeopardize housing stability for hundreds of households. These developments are the only affordable housing available in some Greater Minnesota communities and often serve people with extremely low incomes. In response, Minnesota Housing…
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Minneapolis Offers Tax Incentives in Exchange for Affordabe Rents
In 2018, the City of Minneapolis piloted an expansion of the 4d property tax classification as a strategy to stabilize affordable rental housing. The 4d tax classification reduces property taxes on affordable apartments by approximately 40 percent. The City’s voluntary program, now enacted in full, allows property owners to enroll all or a portion of…
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2,300+ Units of Naturally Occurring Affordable Housing (NOAH) Preserved
Story of Impact from Minnesota’s Housing Scorecard, Feb. 2020: Housing Goal Two – Preserve the Homes We Have A new focus on preservation has saved more than 2,300 units of NOAH in the last four years alone and progress is accelerating. Nonprofit partners, including Greater Minnesota Housing Fund, Aeon, CommonBond Communities, Real Estate Equities, and…
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LISC Uses Largest Loan Package Ever in Twin Cities to Preserve 834 NOAH Units in Brooklyn Park
Shared by Peter McLaughlin, Executive Director LISC Twin Cities Housing Goal Two – Preserve the Homes We Have In late January, Local Initiative Support Corporation (LISC) used its largest loan package ever in the Twin Cities — $76.6MM — to finance Aeon’s acquisition of 834 units of Naturally Occurring Affordable Housing (NOAH) at Huntington Place…