Greater Metropolitan Housing Corporation

10 affordable homes created through the Greater Metropolitan Housing Corporation

Investment

  • NMTC Amount: $4,000,000
  • Total Project Cost: $6,189,324

IMPACT

  • 10 affordable, single-family homes created

Voices from the Community

We are providing beautiful affordable new homes to those that cannot afford to pay market rate. This is due to the NMTC program.

-Luis Perez, Controller, Greater Metropolitan Housing Corporation, Minneapolis, Minnesota

Project Description

NMTC financing supported 10 affordable homes created through the Greater Metropolitan Housing Corporation.

MAP

Address: 941 Gorman Avenue, Saint Paul, MN 55118

Census Tract: 27037060101

Other Minnesota Projects

NMTC financing renovated 800 West Broadway, a highly visible and blighted structure in an economically struggling area of North Minneapolis.
10 affordable homes created through the Greater Metropolitan Housing Corporation
The three-story office building was originally built in 1889 and has been a seminary, a macaroni factory, a generator factory, and an office building. Redesign maintained leases with three nonprofit

The project consisted of the refinance and acquisition of land, which KAB Properties purchased from the City of Owatonna in February 2023, and finance building construction costs for an approximately