The Greater Metropolitan Housing Corporation was formed in 1970 by the Minneapolis business community. GMHC's mission is to preserve, improve and increase affordable housing for low and moderate income individuals and families, as well as assist communities with housing revitalization.
Mission
GMHC's mission is to preserve, improve and increase affordable housing for low and moderate income individuals and families, as well as assist communities with housing revitalization by:
- Providing financial and technical assistance to neighborhood and other nonprofit housing corporations, and small housing developers
- Constructing and selling single family detached housing for home ownership
- Through our HousingResource Centers TM, providing a comprehensive effort to strengthen vulnerable communities
- Proposing and carrying out demonstration projects
Purpose and History
The Greater Metropolitan Housing Corporation (GMHC), a business sponsored nonprofit corporation, was created in 1970 with its primary purpose to improve the availability and quality of affordable housing for low and moderate income families and individuals in the greater Minneapolis metropolitan area.
GMHC achieves its mission through three main programs:
- Predevelopment Revolving Loan Fund
- Single Family Homeownership Program
- HousingResource Centers TM