NCF Receives $212,500 Member Impact Fund Grants to Strengthen Cooperative Housing

We’re excited to announce that NCF has received a total of $212,500 through the Federal Home Loan Bank of Des Moines (FHLB Des Moines) Member Impact Fund, in partnership with member lending institutions. This critical funding includes $205,000 in partnership with Greater Minnesota Housing Fund and $7,500 with Drake Bank, who provided the local match that made these grants possible.

NCF partners with UHAB to build capacity for multifamily cooperative housing in Minnesota

NCF partners with UHAB to build capacity for multifamily cooperative housing in Minnesota

In an exciting development for affordable homeownership in the Upper Midwest, NCF has formed a partnership with New York-based Urban Homesteading Assistance Board (UHAB). This collaboration is poised to launch NCF into the limited-equity cooperative multifamily housing space, in turn empowering historically underserved communities through cooperative homeownership.

NCF welcomes newest technical assistance provider

NCF welcomes newest technical assistance provider

NCF is pleased to announce its newest addition to the team, Ed Hilbrich, as Housing Program Associate. Ed’s hiring brings NCF’s staff to 10, a doubling of the organization’s personnel in a year. The added capacity will allow NCF to further its work in providing technical assistance to resident-owned manufactured housing cooperatives and expanding their presence across the Upper Midwest.

NCF selected for USDA panel discussion

NCF selected for USDA panel discussion

Last week, Northcountry Cooperative Foundation’s (NCF) Associate Director, Emily Stewart, participated as a panelist in the first of a series of United States Department of Agriculture (USDA) Rural Development hosted meetings that focus on connecting a diverse array of private sector cooperatives with government partners to increase collaboration and effectiveness. Focusing on housing cooperatives, the event was a part of the Interagency Working Group on Cooperative Development’s efforts, established by US Congress, to “foster cooperative development and ensure coordination with federal agencies and cooperative organizations.”

NCF named semi-finalist in $20M national grant competition

NCF was recently named a semi-finalist in the national 2023 Housing Affordability Breakthrough Challenge. Led by Enterprise Community Partners and the Wells Fargo Foundation, this $20 million grant competition seeks to “identify and propel implementation-ready innovations that transform current practices and reimagine access to affordable homes.” Organizations competing in this challenge are eligible to receive individual grants of $1 million, $2 million, and $3 million to “scale ideas that lay the groundwork for system-wide change.”

Out of 430 applicants, NCF was named one of 42 semi-finalists who are invited to move on to the second phase of the competition. NCF was selected for its proposal in the “construction” category of the challenge.

The Best PRICE: Pres. Biden signs first-time federal funding for manufactured housing preservation

One of the most difficult obstacles facing manufactured home communities is the continued cost of maintaining and preserving their privately owned infrastructure, such as roads, sewer, and water systems. While individual states such as Minnesota have created infrastructure grant programs specifically to help communities improve their aging infrastructure, the federal government had no such funding available.