Deidre Schmidt’s Affordability Ingenuity

Deidre Schmidt’s Affordability Ingenuity

As in many areas of the country, affordable housing options are narrowing in the Minnesota Twin Cities of Minneapolis and St. Paul as investors increasingly are marketing properties to affluent customers. Given the prevailing market forces and complexities of government subsidies, a creative approach to financing property purchases–like the one achieved by CommonBond Communities under CEO Deidre Schmidt (LF ’08)–is noteworthy. The Twin Cities Pioneer Press called it “A civil-society breakthrough on affordable housing.”

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