Naturally Occurring Affordable Housing Shortage Rooted in Downzoning of 1970s
Efforts are underway to preserve existing “naturally occurring affordable housing” (NOAH) in Minneapolis. A $25 million loan program created by the Greater Minnesota Housing Fund (GMHF) will provide non-profit housing organizations with low-interest loans in order to purchase and preserve existing NOAH properties. What is a NOAH property? The GMHF site puts it this way: […]