The Minnesota Housing Finance Agency (MHFA) invests millions of dollars into financing affordable housing for low and moderate-income Minnesotans. In other words, MHFA helps people of limited means get proper housing.
MHFA does several things each year to foster stronger communities. The goal is to promote and support successful home ownership, while preventing (and ending) homelessness. The agency preserves federally-subsidized rental housing and steps in to help prevent foreclosures. The overall aim of MHFA is to make Minnesota the kind of state where people live in safe, decent and affordable housing—in relatively stable and strong communities.
Perhaps you wanted to be a pioneer in a neighborhood where the housing stock needs some improvement. MHFA offers products and services to help you buy and fix up homes that need a lot of work done. The idea is that it’s better to have a home cleaned up and in good condition, with occupants who care to be there, than to let a building rot with no one paying attention to it.
MHFA has been helping Minnesotans for more than 40 years, and has a great reputation as one of the nation’s finest housing finance agencies. It’s worth investigating their products and services to see if they could be of help to you and your situation.