Greater Metropolitan Housing Corporation

Saint Paul,
MN
(2019)

Greater Metropolitan Housing Corporation

Community, Housing

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

CDEs

Habitat for Humanity

Investor

TCF National Bank

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

Navy Island Inc.

West Saint Paul,
MN
(2019)

Business Development, Manufacturing

CDE(s): University Financial Corp.

Navy Island constructed a 92,000 sq. ft manufacturing facility and upgraded its woodworking equipment.

Catholic Charities of St. Paul and Minneapolis: Exodus 2.0 Project

Minneapolis,
MN
(2020)

Behavioral Health, Community, FQHCs, Healthcare, Historic Rehabilitation, Hospitals and Emergency Services, Housing, Mixed-use, Nonprofit Hub, Shelters and Community Food, Supportive Housing, Veterans Services

CDE(s): Corporation for Supportive Housing, University Financial Corp., USBCDE

Rehabilitation of a building for the development of a mixed-use project to include medical respite, transitional housing, healthcare, and social services for the homeless.

TLC Companies

Detroit Lakes,
MN
(2007)

Business Development, Manufacturing, Rural

CDE(s): Midwest Minnesota CDC

NMTC financing supported TLC Companies the nation's largest transportation-specific Professional Employer Organization.

Mercury Mosaics and Tile

Wadena,
MN
(2020)

Business Development, Manufacturing, Rural

CDE(s): Midwest Minnesota CDC

The NMTC loan proceeds will be utilized to complete tenant improvements at an existing 19,200 sq. ft. warehouse building in Wadena, MN, purchase equipment, and provide working capital.