Greater Metropolitan Housing Corporation (GMHC) provides high-risk predevelopment loans to organizations which assist in the development of quality affordable housing. These loans cover expenses such as architectural fees, environmental and soil testing, land costs, consultants, etc., as well as bridge loans. GMHC also administers the funding during the predevelopment phase.
Arlington Gardens in St. Paul provides 50 units of low income housing for seniors. GMHC provided $400,000 in predevelopment funds for this project.
For more information contact Greater Metropolitan Housing Corporation: (612) 339-0601.