Best Affordable Housing Grants for Nonprofits in Minnesota

The Community Possible Grant Program by U.S. Bank aims to foster economic and workforce advancement, as well as safe and affordable housing. By partnering with 501(c)(3) nonprofit organizations, the program seeks to drive lasting change within communities through collaborative grantmaking. Priority is given to organizations that promote diversity, equity, and inclusion, and that address multiple pillars of work, home, and play. This initiative reflects U.S. Bank's commitment to creating a more equitable society.

The Costco Wholesale Charitable Contributions program prioritizes support for children, education, and health services within local communities. Nonprofit organizations seeking assistance must be 501(c)(3) certified and focus on monetary requests. Applications are reviewed within 4-6 weeks, factoring in community needs and collaboration. However, Costco limits grants to 10% of the program budget and typically restricts organizations to one request per fiscal year. They do not fund individuals or direct aid for various specific purposes.

The Creag Foundation, established in 2009 in Woodinville, Washington, provides funding to innovative 501(c)(3) nonprofit organizations addressing social issues. Focused on smaller organizations, the foundation seeks to support those with unique approaches to improve the human condition. Eligible applicants must have held 501(c)(3) status for at least one year and present a new or previously unaddressed solution to societal challenges. Applications are by invitation only, encouraging creativity and passion in charitable work.

State Farm's Good Neighbor Citizenship Company Grants aim to enhance community safety, development, and education. Focused on long-term impact, they support initiatives in auto and home safety, disaster preparedness, affordable housing, and educational programs. Eligible recipients include nonprofits, educational institutions, and government entities. However, funding is not available for individuals, religious programs, or organizations outside the U.S. By addressing critical community needs, these grants foster safer and more resilient neighborhoods.

The Michael & Susan Dell Foundation provides grants to organizations focused on improving the lives of children in urban poverty in the U.S., India, and South Africa. They prioritize projects in education, health, and family economic stability. Grants typically do not exceed 25% of a project's budget or 10% of an organization's annual expenses. The foundation seeks to partner with organizations already making an impact, ensuring funding supports impactful social enterprises.

The Old National Bank Foundation provides sponsorships to enhance community initiatives in Indiana, Illinois, Kentucky, Michigan, Minnesota, and Wisconsin. Their mission focuses on social responsibility, supporting underrepresented groups, and aligning with the Community Reinvestment Act. Sponsorships cover events such as fundraisers and sporting events, emphasizing active engagement and measurable impact. The Foundation aims to improve quality of life through strategic partnerships and meaningful contributions.

The Social Impact Fund - Nationwide Grant supports innovative solutions addressing health care access, food security, and economic empowerment. Funded by the American Heart Association, this grant prioritizes community-led projects from organizations with under $10M in revenue. Eligible entities include both for-profit and nonprofit organizations based in the U.S. and Puerto Rico. Grants can provide up to $250,000 to initiatives that demonstrate measurable impact, fostering sustainable change in health and wellness.

The Vibrant & Equitable Communities Grant by The McKnight Foundation aims to foster shared prosperity in Minnesota through strategies like economic mobility, community wealth building, fair housing, and democratic participation. This grant supports organizations that enhance employment opportunities for underrepresented communities, strengthen community-focused financial institutions, and promote equitable access to housing and civic engagement. Applications are accepted on a rolling basis, with a focus on systemic improvements for individuals and communities.

The Community Opportunity Fund, managed by Boreal Waters Community Foundation, empowers local organizations to enhance economic stability and independence in northern communities. The fund supports projects focused on affordable housing, job creation, and access to education. By fostering collaborative efforts, it aims to create lasting change in northeastern Minnesota and northwestern Wisconsin. Organizations led by marginalized communities are especially encouraged to apply, ensuring equitable opportunities for all.

The Impact Fund provides recoverable grants to legal services nonprofits and small law firms working on social, environmental, and economic justice issues. With over $10 million awarded since 1992, the fund supports impactful litigation addressing systemic injustices. Grants range from $10,000 to $50,000 and prioritize cases directly involving affected communities. Recipients must repay the grant amount with interest if they recover fees or costs, ensuring sustainability for future funding.

The Best Life Community Awards, funded by Altra Foundation Inc, invites nominations for nonprofit organizations that have made a significant impact in their communities. Altra members can nominate eligible 501(c)(3) nonprofits they support with their time, talents, or financial contributions. The selected nonprofit will receive a $10,000 grant, aimed at fostering initiatives in education, health, and community services across specific counties in the U.S. Nominate today to help recognize outstanding contributions!

The Andersen Corporate Foundation, established in 1941, aims to enhance lives and strengthen communities where its employees reside. It has contributed over $65 million to various causes, focusing on housing, healthcare, hunger relief, and education. Grants range from $5,000 to $50,000, primarily supporting nonprofit organizations that align with these areas, particularly in communities where Andersen operates, ensuring a lasting impact on local initiatives.

The Initiative Foundation offers Economic Development, Workforce Grants to support projects that drive economic growth in Central Minnesota. These grants focus on early-stage initiatives that enhance workforce development, create partnerships for apprenticeships, and encourage affordable housing. Eligible applicants include local governments and 501(c)(3) nonprofits serving specific counties and tribal nations. The Foundation prioritizes innovative strategies that attract and retain workers, fostering a thriving economy and vibrant communities.

The J.W. Couch Foundation Grant focuses on supporting Wildlife Conservation nonprofit organizations that align with their mission of community betterment and environmental protection. The foundation seeks partnerships with organizations that promote animal wellbeing, early childhood education, teacher support, and outdoor activities. Eligible applicants must be registered 501(c)3 nonprofits or for-profit entities aligned with their charitable programs. This grant emphasizes collaboration and community engagement to create lasting impacts.

The Fred C. & Katherine B. Andersen Foundation Grant focuses on enhancing the quality of life in the St. Croix Valley of Minnesota and Wisconsin. It supports 501(c)(3) nonprofit organizations with priorities in healthcare, education, housing, human services, civic initiatives, and environmental education. While capital requests may be considered, the foundation primarily funds operational and programmatic needs. Organizations outside the geographic area may be considered if they align with the foundation's funding priorities.

The Northland Foundation offers quarterly grants aimed at supporting nonprofit organizations in Northeast Minnesota and nearby Native nations. These grants provide flexible funding for general operations or specific programs that address community needs such as health, housing, and education. Eligible applicants include 501(c)(3) nonprofits, educational institutions, and local governments. The foundation prioritizes projects that promote equity, community engagement, and sustainable impact, ensuring that resources reach underserved populations.

The Max and Victoria Dreyfus Foundation offers grants to support diverse initiatives, including museums, educational programs, and environmental activities. Aiming to make a significant impact with modest funding, the Foundation targets IRS-qualified non-profits in the U.S. Grants typically range from $1,000 to $20,000, fostering community development and enhancement. Organizations focused on youth, seniors, and individuals with disabilities are particularly encouraged to apply, as the Foundation seeks to empower those in need.

Ameriprise Community Grants focus on supporting nonprofits that enhance community vitality and meet basic needs. With over 120 years of commitment to philanthropy, Ameriprise Financial engages employees in volunteerism and grantmaking. Key giving areas include hunger relief, housing stability, and community development. Priority is given to organizations with active volunteer engagement from Ameriprise advisors and employees, creating a meaningful impact on financial independence and community resilience.

Enterprise Community Partners

Enterprise Community Partners (Enterprise) is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $80.9 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands – all to make home and community places of pride, power and belonging.

Midwest Asset Management University Program

Operating, maintaining, and preserving affordable housing is complex and requires a specialized set of skills and a deep organizational commitment to asset management. Today, affordable housing providers face a variety of economic, operational, and compliance challenges, including rising operating costs, rental arrears, staffing shortages, and an aging portfolio.

Enterprise is launching its first Asset Management University (AMU) Program in the Midwest (Illinois, Indiana, Wisconsin, Missouri, and/or Minnesota) in March 2026 to support mission-aligned, affordable housing providers in meeting these challenges in their efforts to provide housing stability to residents and preserve the long-term affordability of properties.

The Midwest AMU is a comprehensive, five-month training program that seeks to strengthen the asset and property management capabilities of participating housing providers, improving organizations’ capacity to oversee the financial, physical, and operational health of their housing portfolios.

Midwest Asset Management University Cohort 

Enterprise is excited to offer this application for participation in the Asset Management University (AMU) Cohort (the “Cohort”). Up to fifteen (15) eligible organizations will be selected for this Cohort and will receive access to online training offered by the Consortium of Housing and Asset Management (CHAM), peer learning opportunities, and post-training technical assistance.

The Old National Bank Foundation offers grants to nonprofit organizations for community impact initiatives across Indiana, Illinois, Kentucky, Tennessee, Michigan, Minnesota, Iowa, and Wisconsin. Focused on four key areas—Affordable Housing, Workforce Development, Economic Development, and Financial Empowerment—the foundation prioritizes programs that support underrepresented communities. Organizations must have 501(c)(3) status and align with the foundation’s funding priorities to qualify for grants, which can be applied for every two years.

The Community Opportunity Fund, managed by Boreal Waters Community Foundation, empowers local organizations in northeastern Minnesota and northwestern Wisconsin by providing essential funding for transformative projects. This initiative focuses on uniting community resources to foster innovative ideas, strengthen nonprofits, and drive impactful change. With a long-standing commitment to supporting civic engagement, the Fund directs support to where it's most needed, ensuring that communities can thrive even in challenging times.

The Butler Family Foundation Community Grant provides two-year funding to 501(c)(3) organizations in Minnesota focused on arts, environment, and human services. Grants support general operations or specific projects, with minimum awards of $30,000 for operating costs and $20,000 for program support. Priority is given to organizations serving urban areas of St. Paul and Minneapolis, promoting community arts, environmental stewardship, and essential services for vulnerable populations, particularly youth and families.

The Women’s Fund of Greater La Crosse offers annual grants to support innovative projects that empower women and girls. Since 1998, over $1 million has been awarded, focusing on education, transportation, and housing to foster economic independence. Eligible organizations include 501(c)3 entities and public agencies serving designated counties. Grants range from $1,500 to $15,000. Priority is given to programs that address critical needs and promote inclusivity across all races, ethnicities, and religions.

Enterprise Community Partners

Enterprise Community Partners is a national nonprofit that exists to make a good home possible for the millions of families without one. Home is where life happens, where plans are made, and futures begin. It is the foundation for dignity, health, education, wealth, and community. Yet rents keep going up, paychecks don’t keep pace, and good homes in strong neighborhoods are increasingly out of reach.

The system doesn’t work. It must be changed, and it must be changed by us.

Enterprise has the breadth, scale, and expertise to do it. We support community development organizations on the ground. We aggregate and invest billions to improve housing and strengthen communities across the U.S. We advance housing policy at every level of government. We build and manage communities ourselves. Everything we do is informed by the residents we serve.

Together with our partners, we focus on the greatest need — the massive shortage of affordable rental homes — to achieve three goals:

• Increase the supply of affordable homes
• Advance racial equity after decades of systematic racism in housing
• Support residents and strengthen communities to be resilient to the unpredictable, and make upward mobility possible

Since 1982, we have invested $92.0 billion and created 1.1 million homes across all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. We do all this to make home and community places of pride, power, and belonging.

National Housing Innovation Grant Competition

Home is foundational. It’s where we plant roots, raise and care for our families, and build community bonds. Yet in every corner of the country, millions of people of all ages and backgrounds need a home they can afford.

Wells Fargo is meeting this moment with a powerful grant opportunity. Together with Enterprise, Wells Fargo has launched the third iteration of the Housing Affordability Breakthrough Challenge. The 2026 cycle of the housing innovation competition will identify and propel proven, ready-to-scale solutions that transform current practices and increase housing choice and access.

Eligible applicants will compete for five individual grants of $2 million to advance their innovation and drive meaningful, systems-level change in the housing and adjacent industries. Winners will gain access to mentorship and coaching from industry leaders and experts and join a powerful network of Breakthrough Challenge innovators.

Focus Areas

This third cycle of the Housing Affordability Breakthrough Challenge aims to meet the nation’s affordable housing challenges across all types of communities: Native, rural, suburban, tribal, and urban.

Proposals must encompass one or more of three focus areas:

• Design and Construction
• Finance
• Service Delivery and Programs

Applicants will be asked to show how their proof of concept or pilot program has achieved clear outcomes and success, and provide a clear pathway to expanding the innovation’s reach and impact

Round 1: Criteria and Scoring

Your innovation must meet the criteria below to advance to the official scoring stage.

Type of Community

Innovations can serve all types of communities:

• Rural
• Urban
• Suburban
• Tribal

Location

Priority scoring will be given to applications from entities that are based in – or whose innovations are designed for – one or more of these 28 states, plus D.C.:

• Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Illinois, Iowa, Maryland, Massachusetts, Minnesota, Montana, Nevada, New Jersey, New Mexico, New York, North Carolina, North Dakota, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Washington D.C.

Affordability

Innovations must serve residents at these income levels:

• Rental: 80% AMI or below
• Homeownership: 120% AMI or below
• Workforce housing: 120% AMI or below

The Target Foundation's Hometown Racial Equity Grant aims to advance racial equity for underserved communities in the Twin Cities. With over a century of commitment to social responsibility, the Foundation addresses systemic barriers by investing in entrepreneurship, workforce development, housing, and asset building. By supporting BIPOC-led organizations, the Foundation seeks to create equitable economic opportunities, ensuring that all families can thrive and contribute to a vibrant community. Grants range from $25,000 to $200,000, focusing on sustainable impact.

The Mutual of America Foundation Community Partnership Award honors exemplary nonprofit organizations in the U.S. that foster collaborative partnerships across sectors. Annually, a national competition showcases numerous organizations demonstrating impactful community partnerships. Six organizations receive recognition, including the Thomas J. Moran Award, which offers $100,000, and the Frances R. Hesselbein Award, granting $75,000. Since 1996, the award has acknowledged 262 partnerships, emphasizing Mutual of America's commitment to societal improvement through collaboration.

The Community Homeownership Impact Fund, managed by the Minnesota Housing Finance Agency, aims to enhance affordable housing in Minnesota by funding developers and administrators of single-family, owner-occupied homes. This program focuses on increasing the housing supply while ensuring safety and habitability. It offers interim loans, deferred forgivable loans, and grants to bridge financial gaps. Eligible applicants include cities, tribes, and nonprofits, all working towards improving housing accessibility and supporting community development.