Housing is the foundation for success, so we collaborate with individuals, communities and partners to create, preserve and finance housing that is affordable.
Relationship to the State Government: Public Body Corporate and Politic
Current Staff Size: 261Visit MN Housing's Website
MN Housing is established.
First multifamily project completed.
First single-family project completed.
Transitioned single-family loan business model.
Provided foreclosure prevention counseling, assisting 40,000 households.
Total Financing Provided
Renters Served Since 1971
Homeowners Served Since 1971
Housing Infrastructure Bonds
Since 2012, Minnesota Housing has had standing authorization from the Minnesota Legislature to issue Housing Infrastructure Bonds (HIBs) to address multiple critical housing needs across the state. HIBs are special, limited obligation tax-exempt bonds we issue to create permanent supportive housing, preserve affordable rental housing, invest in foreclosed rental properties, invest in foreclosed rental properties and support community land trusts.
Number of Multifamily Units Built or Preserved with HIB: 2,600
Jennifer Leimaile Ho
“We are expanding our racial equity work to have a transformational impact in the coming years. We’re aligning who we listen to, how we work and the outcomes we seek to advance housing equity. We aim to earn the trust of and invest in communities historically excluded from creating intergenerational wealth and maintaining community stability.”
Apex Townhomes, developed by D.W. Jones
Detroit Lakes, MN
Apex Townhomes is a 30-unit workforce housing development that opened in October 2019. The project has 4 units of permanent support housing. The rest of the units are occupied by workforce families. Affordable housing in Detroit Lakes is in high demand. It had been over fifteen years since the last affordable housing development was built. Apex Townhomes was financed in part through Minnesota Housing’s Challenge Fund.
Garfield Square Apartments, developed by Center City Housing Corp.
The 50-unit Garfield Square Apartments was built to replace The Esmond (a.k.a The Seaway), a boarding house in Duluth with single-room accommodations for about 70 hardest-to-house individuals. The Esmond often took in people with checkered rental histories other local landlords would turn away, and had a leaky roof and building safety issues. The new Garfield Square, opened in 2019, was financed in part with a $1.1 million forgivable loan from Minnesota Housing.
The Louis, developed by Aeon
The Louis Apartments opened in 2019, offering 70 affordable apartment homes Minneapolis near the University of Minnesota and along a regional light rail line. The Louis centers on single mothers with children who have experienced homelessness. The building was financed with Low Income Housing Tax Credits along with other federal and local public investments.