Southwest Minnesota Housing Partnership

What Southwest Minnesota Housing Partnership does

Southwest Minnesota Housing Partnership (SWMHP) is a non-profit community development corporation founded in 1992 and headquartered in Slayton, Minnesota, with a regional office in Mankato. The organization serves 30 counties across Southwest and South Central Minnesota, developing, preserving, and managing affordable rental and homeownership housing for low-income households (at or below 60% of Area Median Income), vulnerable populations including those in recovery and exiting the justice system, and prospective first-time homebuyers.

SWMHP's core offerings span single-family and multifamily housing development, housing preservation and rehabilitation, property and asset management across 66+ properties and 2,000+ units, the Partnership Community Land Trust (PCLT) for permanently affordable homeownership, supportive housing services anchored by the Solace Apartments complex, homeownership education and counseling, the Southwest Minnesota Continuum of Care coordination, and the newly acquired 90-acre Good Counsel campus redevelopment. Technical capabilities include NeighborWorks Green Organization practices and certified HERS Rater personnel for energy-efficient construction and rehabilitation.

The revenue model is multi-stream and project-driven: developer and project management fees on Low Income Housing Tax Credit (LIHTC) and New Market Tax Credit (NMTC) projects, managed services revenue from a property portfolio of 2,000+ units, professional services for homeownership education and counseling, and recurring grant funding from federal (USDA, HUD), state (Minnesota Housing), and philanthropic sources (McKnight Foundation, Greater Minnesota Housing Fund, Federal Home Loan Bank of Des Moines, ArtPlace America, Rural LISC). Go-to-market is community-led and relationship-driven, coordinated through partnerships with local governments, Housing and Redevelopment Authorities, Economic Development Authorities, courts, social services, and NeighborWorks America.

Name

Southwest Minnesota Housing Partnership

Legal name

Southwest Minnesota Housing Partnership

Website

https://swmhp.org

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

Southwest Minnesota Housing Partnership is a non-profit community development corporation serving 30 counties in Southwest and South Central Minnesota, developing, preserving, and managing affordable rental and homeownership housing for low-income households and vulnerable populations across 66+ properties and 2,000+ units.

Ownership category

akta.pro rank

Product category

Affordable Housing and Community Development Services

NAICS

Other Community Housing Services (624229), Lessors of Residential Buildings and Dwellings (531110), New Housing For-Sale Builders (236117)

SIC

Services-To Dwellings & Other Buildings (7340), Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Affordable housing development
• Homeownership education
• Community development services
• Housing rehabilitation
• Supportive housing programs

Headquarters

HQ city

Slayton

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Housing Development Services: SWMHP develops affordable housing through Low Income Housing Tax Credits, tax-exempt bonding, New Market Tax Credits, and various federal and state funding programs. The organization acts as developer and project manager for community housing projects.
2. Property and Asset Management: Manages a portfolio of 66+ properties and 2,000+ housing units across Minnesota, providing ongoing property management, tenant services, and asset preservation services.
3. Homeownership Education and Counseling: Provides pre-purchase education, mortgage counseling, and financial literacy workshops to help families achieve and maintain homeownership.
4. Grant Funding and Philanthropy: Receives grant funding from federal agencies (USDA, HUD), state agencies (Minnesota Housing), foundations (McKnight Foundation, Greater Minnesota Housing Fund), and charitable donations to support operations and housing development.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

SWMHP is a non-profit community development corporation that develops, preserves, and manages affordable housing across 30 counties in Southwest and South Central Minnesota. It provides homeownership education and counseling, single- and multi-family housing development, housing rehabilitation, property and asset management of 2,000+ units, supportive housing and Continuum of Care services, and operates the Partnership Community Land Trust for permanently affordable homeownership.

Product overview

Southwest Minnesota Housing Partnership (SWMHP) is a non-profit community development corporation offering a comprehensive suite of housing services through multiple interconnected programs. The organization operates a portfolio of core services including community planning, homeownership assistance, housing development (single and multi-family), preservation and rehabilitation, and supportive housing services. Key programs include the Partnership Community Land Trust (PCLT) for affordable homeownership, Solace Apartments for supportive housing, the Continuum of Care coordinated entry system, and various development/redevelopment initiatives. The organization serves 30 counties across Southwest and South Central Minnesota with housing development, assessments, and supportive services.

Differentiator

Problem solved

Functional benefit

Brands

• Partnership Community Land Trust (PCLT): A long-term affordability homeownership program that helps qualified buyers purchase quality homes by reducing upfront costs and ensuring long-term affordability. Buyers own the home and lease the land for a small monthly fee.
• Solace Apartments
• Partnership Art
• Good Counsel Hill

Products and services

• Community Planning & Technical Assistance Planning services and technical support for communities to address housing and development needs, including housing studies, land-use planning, and project scoping for cities, counties, HRAs, and EDAs in Southwest and South Central Minnesota.
• Homeownership Assistance Comprehensive support for prospective and current homebuyers including Home Stretch classes (pre-purchase education), mortgage counseling, financial literacy workshops, Refinance Counseling, Foreclosure Support, Home Improvement Loans, and down payment assistance for income-qualified households.
• Community Building & Engagement Programs and initiatives to strengthen communities through resident involvement, volunteer engagement, creative placemaking, and collaborative development, including the Partnership Art program integrating arts into housing development.
• Land Development & Redevelopment Acquisition, planning, subdivision, and development of land for residential and community purposes, including the Good Counsel Hill redevelopment of the 90-acre former School Sisters of Notre Dame campus in Mankato.
• Housing Preservation & Rehabilitation Renovation and preservation of existing affordable housing units to maintain long-term affordability, including the $12 million rehabilitation of 10 RD Properties (243 units, 19 buildings, 7 cities) and energy-efficient improvements such as the $3.8 million Maplewood Apartments project in St. Peter.
• Single Family Housing Development Construction and development of single-family homes for sale to income-qualified buyers, often delivered through the Partnership Community Land Trust to ensure permanent affordability.
• Multi Family Housing Development Development of multi-unit apartment buildings for affordable rental housing, financed primarily through Low Income Housing Tax Credits, tax-exempt bonding, and New Market Tax Credits.
• Construction Management & Inspections Construction management, housing assessments, and inspection services to ensure quality standards, including HERS energy assessments, Healthy Homes Assessments, and heat-pump assessments for multifamily properties.
• Supportive Housing Services On-site services and support programs for residents of supportive housing, including case management, crisis intervention, chemical dependency treatment coordination, mental health services, and the Community Food Project garden at Solace Apartments.
• Partnership Community Land Trust (PCLT) Affordable homeownership program that separates land ownership from home ownership by leasing land through the trust, keeping homes permanently affordable for future buyers while allowing homeowners to build equity through resale-formula-controlled appreciation.
• Solace Apartments 30-unit multi-family supportive housing complex in St. Peter, Minnesota for women and families involved in recovery court, providing on-site services including chemical dependency treatment, mental health services, and the Solace Community Food Project garden.
• Healthy Housing Assessments Free assessment service identifying housing-based health hazards and providing solutions and resources for residents in Chippewa County and partnered counties across Southwest Minnesota.
• Continuum of Care and Coordinated Entry Coordination of housing and services for homeless individuals across 18 counties in Southwest Minnesota, including a Coordinated Entry system that standardizes assessment and referral to appropriate housing and support resources.
• Property and Asset Management Ongoing property management, tenant services, asset preservation, and asset management of SWMHP's affordable housing portfolio across Minnesota, including 2,000+ housing units and 66+ properties.

Quantifiable outcome

• Ended chronic homelessness in Southwest Minnesota (4th community in the country to receive this designation)
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• NeighborWorks AmericacoreStrategic or Co-development PartnerSWMHP is a chartered member of NeighborWorks America, receiving organizational support, training through the NeighborWorks Training Institute, access to funding programs, and the NeighborWorks Green Organization designation. This partnership provides national resources, branding, and best practices for housing and community development.
• City of St. PetercoreStrategic or Co-development PartnerCity of St. Peter partnered with SWMHP on the Maplewood Apartments $3.8 million rehabilitation, providing a $350,000 low-interest loan and ongoing support for affordable housing preservation.
• Midwest Housing Equity GroupcoreStrategic or Co-development PartnerPartnership on Maplewood Apartments rehabilitation project, working with SWMHP to preserve affordable housing in St. Peter.
• Lloyd ManagementcoreImplementation/ SI/ Consulting PartnerProperty management partner handling day-to-day operations of SWMHP properties including Royal Manor II. Provided exceptional emergency response during 2025 Mankato flooding, including $500 donations and moving materials to displaced residents.
• School Sisters of Notre Dame Central ProvincecoreStrategic or Co-development PartnerSWMHP entered purchase agreement and closed on the 90-acre Our Lady of Good Counsel campus in Mankato, with plans to preserve the historic property and redevelop it for community housing and gathering spaces honoring the sisters' legacy.
• Minnesota State University MankatominorStrategic or Co-development PartnerMSU Mankato Forensics Team partners with SWMHP, with the Super Schnoor Memorial Tournament benefiting SWMHP. Lillian Lamoreux, SWMHP Continuum of Care Coordinator, is an MSU alum who helped facilitate the partnership.
• City of MankatocoreStrategic or Co-development PartnerKey partner in Good Counsel campus redevelopment and various housing initiatives. The city provides support including low-interest loans and collaboration on development projects.
• Greater Mankato GrowthminorStrategic or Co-development PartnerRegional economic development organization partnering with SWMHP on Good Counsel campus redevelopment and community development initiatives.
• Continuum of Care Partner OrganizationscoreStrategic or Co-development PartnerSWMHP coordinates the Southwest Minnesota Continuum of Care with partner organizations including UCAP, Prairie Five, Des Moines Valley Health and Human Services, and others to address homelessness across 18 counties.
• Treatment Court and Nicollet County Health & Human ServicescoreStrategic or Co-development PartnerKey partners in developing Solace Apartments, working with SWMHP to create supportive housing for women and families involved in recovery court, providing on-site services including chemical dependency treatment and mental health.
• Local EmployersminorStrategic or Co-development PartnerEmployers like Schwan Food Company have partnered on housing development, contributing $423,500 for the Parkway I subdivision project creating 82 single family lots and 48 rental units.
• Wilcon ConstructionminorImplementation/ SI/ Consulting PartnerConstruction partner for New Market Tax Credit affordable homeownership project in Mankato, building 21 permanently affordable homes through the Partnership Community Land Trust.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Three Rivers Community Action: Minnesota-based community action agency providing housing, energy, and community development services, including a co-developed homeownership program with SWMHP (Achieve Homeownership, 2008). Directly comparable nonprofit CDC operating in southern Minnesota.
• Greater Minnesota Housing Fund: Statewide nonprofit financing partner for affordable housing in rural Minnesota, providing capital and policy support to organizations like SWMHP for preservation and new development projects. Comparable as a peer funder/peer CDC working in the same rural Minnesota affordable housing space.
• Central Minnesota Housing Partnership: Regional nonprofit CDC in central Minnesota delivering similar housing development, rehabilitation, and homeownership services. Direct peer based on mission, geography-adjacent service area, and NeighborWorks-affiliated operating model.
• Habitat for Humanity (Minnesota affiliates): National nonprofit building affordable homes for low-income families. Minnesota-based affiliates overlap with SWMHP's service area and mission of affordable homeownership, though Habitat relies on volunteer labor rather than SWMHP's developer/manager model.

Broad incumbents

• NeighborWorks America (Network): National network of 248+ housing nonprofits of which SWMHP is a chartered member. Broad incumbent/network peer providing shared training, branding, and funding access that SWMHP leverages (e.g., NeighborWorks Green Organization designation).
• LISC (Local Initiatives Support Corporation): National community development financial institution (CDFI) supporting CDCs with financing and capacity building. Rural LISC (a LISC affiliate) has directly awarded grants to SWMHP, making LISC a comparable funder/peer in the rural CDFI space.
• Enterprise Community Partners: National nonprofit investing in affordable housing and community development through development, lending, and policy. Comparable in mission scope and use of LIHTC/NMTC, though Enterprise operates at a much larger national scale than SWMHP.
• Cinnaire: Mission-driven CDFI providing LIHTC equity, NMTC allocation, and development financing for affordable housing. Midwest Housing Equity Group (a Cinnaire entity) is already a SWMHP development partner, making Cinnaire a comparable capital peer in affordable housing finance.

Regional players

• Project for Pride in Living (PPL): Minneapolis-based nonprofit providing affordable housing, employment training, and supportive services. Comparable as a Minnesota-focused housing and supportive services nonprofit, though PPL operates in a metro market versus SWMHP's rural footprint.
• Aeon: Twin Cities nonprofit affordable housing developer and property manager operating ~5,000+ units with supportive housing programs. Comparable as a Minnesota affordable housing provider combining development, property management, and supportive services, but at a larger urban-focused scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@swmnhp
• Facebookfacebook.com/SWMHP
• Xx.com/swmhp

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Southwest Minnesota Housing Partnership