New Markets Tax Credit Coalition

Search

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

Financing for the installation of 1 megawatt of solar panels and purchasing various furniture, fixtures and equipment at Vomela's new 300,000 sq. ft. headquarters in Saint Paul, MN.
The NMTC financing for construction and other project costs associated with a 23,040 SF manufacturing facility, 7,800 SF warehouse and improvements/upgrades to an existing 4,000 SF building located in Pine

A $7 million allocation for the infrastructure development for 32 lots and build 15 homes with 80% reserved for low-income buyers. This development is close to downtown, transit, shops, and