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Preserving Workforce Housing ULI

This report from the ULI Terwilliger Center for Housing provides a broad-based overview of this rapidly evolving landscape. It profiles 16 leading efforts to preserve multifamily workforce and affordable housing, including below-market debt funds, private equity vehicles, and real estate investment trusts.

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Twin Cities, MN – NOAH Impact Fund

Naturally occurring affordable housing (NOAH) is essential to the economic vitality of Twin Cities communities and enables employees to live near work and school while supporting employers to retain a stable workforce.

The Opportunity

Nationwide, affordable rental housing is at risk. National investors are rapidly acquiring NOAH properties and aggressively raising rents by 10 to 15 percent in the first year, and continuing to increase rents in subsequent years. The Twin Cities region, like metropolitan regions across the U.S., is losing affordable h