Single Family 2024

The Minnesota Housing, in collaboration with Greater Minnesota Housing Fund (GMHF), is launching the Single Family RFP through its Community Homeownership Impact Fund. This initiative is designed to expand and preserve affordable homeownership opportunities across all counties in Minnesota. The program’s mission aligns closely with the foundation’s broader vision: ensuring that every Minnesotan has access to safe, affordable, and sustainable housing. By focusing on single-family, owner-occupied homes, this funding opportunity aims to address both supply and quality gaps, particularly in underserved and economically marginalized communities. Through multiple financing mechanisms—grants, deferred loans, housing infrastructure bonds, and interim loans—the program seeks to foster community stability, economic inclusion, and equitable pathways to homeownership. The program’s primary beneficiaries are low- to moderate-income households, with a targeted emphasis on households of color, immigrant households, and those including people with disabilities. This focus reflects GMHF’s commitment to applying a racial and economic equity lens to homeownership initiatives, aiming to reduce historic disparities in property ownership and wealth accumulation. Targeted investments will support both the creation of new affordable housing units and the rehabilitation of existing homes, ensuring that communities not only gain new housing stock but also preserve their existing neighborhoods. Special priority will be given to applicants leveraging cross-sector collaborations—particularly in health and housing—to improve overall community well-being. Strategically, the program prioritizes projects that deliver tangible, lasting impact. Priority activities include acquisition, rehabilitation, and resale of existing properties; new construction of single-family homes; and stand-alone affordability gap assistance. Additional emphasis is placed on projects that advance Tribal housing initiatives, ensuring that Tribal Nations and communities have equitable access to homeownership opportunities. By offering flexible funding types—including forgivable loans and deferred downpayment assistance—the program allows local governments, nonprofits, Tribal entities, and developers to structure their projects to meet community-specific needs and financial realities. Expected outcomes are centered on measurable, high-impact results. Awarded projects must lead to the creation or preservation of affordable, owner-occupied homes with no more than four units, ensuring at least one unit is owner-occupied. The program anticipates that these efforts will expand the affordable housing inventory, increase homeownership rates among underrepresented populations, and stabilize neighborhoods. Success metrics will include the number of homes developed or rehabilitated, the number of households served, demographic diversity among beneficiaries, and the degree to which affordability thresholds are met and maintained. Additionally, the program seeks to generate long-term community benefits such as improved health outcomes, greater neighborhood investment, and increased intergenerational wealth. The foundation’s strategic priorities and theory of change rest on the belief that stable, affordable homeownership is a critical lever for advancing economic mobility and community resilience. By combining capital investment with equitable housing strategies, the program aims to dismantle systemic barriers to homeownership and create conditions for sustained prosperity. Through partnerships with municipalities, Tribal governments, nonprofits, and developers, Minnesota Housing and GMHF are fostering a collaborative ecosystem that ensures funding leads to meaningful, measurable, and community-driven change. This initiative is not merely about building houses—it’s about empowering people, strengthening communities, and reshaping the housing landscape in Minnesota for a more inclusive future.