Hundreds of Minnesota homes neglected by hedge fund are now in hands of nonprofits

For years, north Minneapolis residents who rented from HavenBrook Homes complained about their landlord cutting corners on repairs and allowing the community's naturally occurring affordable homes to slide into disrepair. Minnesota Attorney General Keith Ellison looks at “before” photos inside a recently renovated single family home in north Minneapolis. The house was formerly owned by HavenBrook Homes. Pretium recruited a New Jersey housing nonprofit, Brick by Brick, to take over the remaining houses. Following rehab, former HavenBrook houses are now entering the market between $250,000 and $300,00, with gap funding coming from state and city sources.