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Introduction The Greater Metropolitan Housing Corporation (GMHC) is pleased to submit a proposal to the City of New Brighton to provide housing rehabilitation lending services to its residents. The Minneapolis business community created GMMHC in 1970 as a 501 © (3) nonprofit corporation. The mission was to create programs that improved and increased the availability of affordable housing for low and moderate income households in the City and inner -ring suburbs. As the need for affordable housing grew, GMHC was asked to expand its services to other communities. We are now working in more than 20 communities in the seven county metropolitan area. Our main office is located at 15 South Fifth Street, Suite 710, Minneapolis, MN 55402. Today, 40 years later, GMHC has provided more than $60 million in below-market predevelopment loans to assist organizations develop 22,000 units of affordable rental housing. In homeownership, GMHC has built or renovated more than 1,500 homes in cooperation with public agencies, neighborhood organizations and others. The homes are sold to persons of low and moderate income, the majority of which are first time homebuyers. In response to the foreclosure crisis, GMHC has partnered with cities to purchase more than 150 foreclosed homes to rehabilitate and return to individual ownership, avoiding the detrimental process of substandard renovations and potentially predatory recycling by "investors" in distressed properties. To further this effort GMHC established SHOP Mortgage to provide sound and socially responsible mortgage services to underserved populations and to help revitalize those communities affected by high foreclosures. The HousingResource Center TM (HRC) Program was created as a demonstration project in Northeast Minneapolis in 1995. Its purpose is to provide residents with high quality and individualized assistance with their home improvement and financing needs, which in turn supports reinvestment in the housing stock and revitalization of neighborhoods. Since 1995 the HRC Program has expanded to a total of five HousingResource Centers and has become the lender of choice for rehabilitation loan services in the City of Minneapolis and surrounding Twin Cities communities. In addition to being selected by the City of Minneapolis as the lender for all of its housing rehabilitation and down payment assistance programs since 2004, the HRCs are providing rehabilitation loan services to 18 Minneapolis neighborhoods through the Neighborhood Revitalization Program (NRP) and 14 suburban communities. Ramsey, Anoka and Washington Counties contract GMHC to administer their CDBG funded housing rehabilitation loan programs. The HousingResource Center staff is experienced in working with CDBG, HOME, NSP, TIF and HRA funding sources. In addition, GMHC is an MHFA lender and administers the Fix up Fund, Community Fix up Fund, Rehabilitation Deferred Loan, Emergency & Accessibility Loan and Rental Rehabilitation Loan Program. 2