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Northside Home Fund

Northside Home Fund

Summary

Since 2003, the Northside Home Fund (NHF) has worked to stabilize and expand North Minneapolis’ base of successful homeowners.  The initiative’s ongoing efforts have contributed to overall market improvement in North Minneapolis. NHF not only fosters community growth, it promotes the creation of affordable, healthy and energy-efficient housing.

The Northside Home Fund Board draws on expertise from Northside neighborhood organizations, nonprofit housing and homeownership organizations, governmental and enforcement agencies, community development organizations, private housing developers, and financial institutions.

The Northside Home Fund works towards its vision of an inclusive community with a unique North Minneapolis identity and diverse, high quality housing options for all where investments in housing benefit both existing and new residents and contribute to a sustainable community through five strategies.

  1. Promote opportunities for high quality homeownership
  2. Promote opportunities for high quality rental properties
  3. Promote use of vacant and boarded residential properties
  4. Continue to develop cluster of housing opportunities
  5. Develop and implement project-specific communtiy benefits

View the full text of the Northside Home Fund Strategy (PDF).

Outcomes

In 2014, NHF helped build six new properties in the EcoVillage; adding to ten new construction homes and five rehabbed homes (a total of 21 properties). The median sale price for all homes sales increased 23.6% in Near North and 32% in Camden. Non-distressed sales alone increased 3.3% in Near North and 3.7% in Camden. By focusing on quality, energy efficient, green homes, NHF partners have improved the ability of the neighborhoods to attract buyers.

More Information

Visit the Northside Home Fund Website.

Photo by Tobechi Tobechukwu