Housing
Having a stable, safe, and affordable place to live creates both a family and community infrastructure. It’s something many people take for granted and unfortunately something that Minnesota struggles to keep up in creating enough supply for the growing demand. That’s why NMF is committed to adding housing capacity in Northwest Minnesota.
Seeking impact
It is NMF’s goal to help add 1,500 new housing units to the region’s housing inventory.
Inquiry Form
Interested in our housing programs? Submit an inquiry form today.
Housing Loan Program
As a lender, it’s never NMF’s intention to fund projects that could otherwise be funded by traditional lenders such as a bank or credit union. NMF does not compete with traditional lenders such as a bank or credit union. Instead, it is our intention and preference that our loan dollars complement traditional financing products and help close gaps wherever they may occur.
NMF is now accepting applications to provide gap financing on multi-family and single-family housing projects. The maximum loan amount per project will be capped at $100,000 per project. The interest rate, term, amortization and fees associated with the loan program are determined on a case-by-case basis.
Help us grow regional housing availability
News & Ideas
See how our programs are improving housing capacity in the region.
NMF accepting applications to join Youth Mitigation Fund Advisory Committee
The Northwest Minnesota Foundation is seeking applicants to join the Youth Mitigation Fund Advisory Committee. The committee’s primary goal is to establish policies and procedures for the Youth Mitigation Fund and cultivate positive relationships with landlords, housing providers, social service workers, and young adults experiencing homelessness.
Information sought on potential supportive housing projects in Northwest Minnesota
The Northwest Minnesota Continuum of Care is seeking letters of intent from nonprofits, local and tribal governments, and others about potential supportive housing projects to inform an application for funding through the U.S. Department of Housing and Urban Development’s recently announced CoCBuilds program.
$30,000 granted to organizations supporting those living through homelessness
Grants totaling $30,000 have been approved to six organizations working in the field of homelessness and housing throughout Northwest Minnesota. This marks the second year of supports aimed to improve outcomes for those living through homelessness.