Board Meetings
The Authority’s policy is to encourage attendance at Board meetings in person. Consistent with Minnesota law, members may participate by telephone. Attendance and participation in Authority meetings is governed by Minnesota Statutes, Section 13D.015.
The Authority has approved the schedule listed below for the current fiscal year. Meetings are usually held at 2:00 p.m. on the third Wednesday of every month in the Authority’s office. Meeting dates, locations and times may change, please call the Authority’s office to verify a meeting time and location and to obtain information on monitoring from a remote site.
Individuals may request reasonable accommodation or modifications in order to participate in Authority programs by contacting the Authority at least 24 hours in advance of the event.
Minutes of an Authority meeting are reviewed and approved by the Authority at the next meeting.
Upcoming Meetings
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April 22, 2026
This meeting has been moved from 2:00 pm on April 15, 2026 to 2:00 pm on April 22, 2026 NOTICE OF PUBLIC HEARING CONCERNING THE ISSUANCE OF BONDS BY THE PUBLIC FINANCE AUTHORITY AND A PLAN OF FINANCE FOR KINGSPATH SENIOR MINISTRIES INC. NOTICE IS HEREBY GIVEN that the Minnesota Health and Education Facilities Authority (the “Authority”), will conduct a public hearing at 2:00 p.m. on Wednesday, April 22, 2026, in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota, at which time any person may be heard regarding the proposed plan of financing for the Bonds and the Project described below. The Authority will consider the approval, for purposes of Section 147(f) of the Internal Revenue Code of 1986, of the issuance of certain revenue bonds, in an aggregate principal amount not to exceed $165,000,000 (the "Bonds"), pursuant to Section 66.0304 of the Wisconsin Statutes, as amended, by the Public Finance Authority (“PFA”), a commission organized under and pursuant to the provisions of Sections 66.0301, 66.0303 and 66.0304 of the Wisconsin Statutes, as amended. The Bonds may be issued in one or more series as either tax-exempt or taxable obligations. The Bonds will be special limited obligations of PFA payable solely from the loan payments to be made by KingsPath Senior Ministries Inc., a Minnesota nonprofit corporation, or a to-be-formed affiliate thereof (the “Borrower”), to PFA, and certain funds and accounts established by a trust indenture and loan agreement related to the Bonds. Proceeds of the Bonds will be used by the Borrower for a plan of finance and refinance comprised of the following purposes: (a) acquisition of facilities which provide assisted living services for seniors in Minnesota, Ohio and Pennsylvania, including but not limited to the assisted living facilities located at 19351 Indiana Avenue, Lakeville, Minnesota 55044 and 111 and 113 East Avenue, Mahtomedi, Minnesota 55115; and (b) paying the costs of issuance of the Bonds (collectively, the “Project”). This notice is intended to comply with the public notice requirements of Section 147(f) of the Internal Revenue Code of 1986. All interested parties are invited to attend and present comments at the public hearing regarding the plan of finance, the issuance of the Bonds and the Project. Members of the public may also attend by telephone or other electronic means in accordance with Minnesota Statutes, Section 13D.015. Members of the public may attend the hearing in person in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Eagan, Minnesota, or by telephone by calling toll-free 1-877-978-6969; Access Code 205-584-062# or by video at https://www.gomeet.com/205-584-062 (requires Google Chrome for best performance). Some members of the Authority may participate by telephone or other remote means. Written comments may be sent by regular mail to the attention of the Operations Manager at the offices of the Authority at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota 55121, emailed to [email protected], or sent by facsimile to (651) 297-5751. Anyone requiring an accommodation consistent with the Americans with Disabilities Act should contact the Authority at (651) 296-4690 at least 48 hours in advance of the hearing to arrange for any necessary accommodations. For additional information on such public hearing, see the Notice of Public Hearing – KingsPath Senior Ministries Inc., on the Authority’s website: mnhefa.org – Recent News. By Order of the Minnesota Health and Education Facilities Authority Barry W. Fick, Executive Director. Dated: April 14, 2026. -
May 20, 2026
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June 17, 2026
Past Meetings
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March 18, 2026
MINNESOTA HEALTH AND EDUCATION FACILITIES AUTHORITY Notice of Public Hearing on Revenue Obligations on Behalf of KingsPath Target Housing of Minnesota, LLC NOTICE IS HEREBY GIVEN that a public hearing will be held by the Minnesota Health and Education Facilities Authority (the “Authority”) with respect to the proposal to issue revenue bonds or other obligations on behalf of KingsPath Target Housing of Minnesota, LLC, Target Properties of Brooklyn Park, LLC, Target Properties of Burnsville, LLC, Target Properties of Crystal, LLC, Target Properties of Lakeville, LLC, Target Properties of Maple Grove, LLC, Target Properties of Ramsey, LLC, and Target Properties of West St. Paul, LLC (collectively, the “Obligated Group”) in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota on Wednesday, March 18, 2026, at 2:00 p.m. Under the proposal, the Authority would issue its revenue bonds or other obligations, in one or more series, whether taxable or tax-exempt, in a maximum aggregate original principal amount not to exceed $140,000,000 (the “Obligations”) to finance the costs to acquire the following facilities: (1) up to $20,000,000 for assisted living facilities located at 8500 Regent Avenue North, Brooklyn Park, Hennepin County, Minnesota 55443, to be owned by Target Properties of Brooklyn Park, LLC; (2) up to $20,000,000 for assisted living facilities located at 1880 East 134th Street East, Burnsville, Dakota County, Minnesota 55337 to be owned by Target Properties of Burnsville, LLC; (3) up to $20,000,000 for assisted living facilities located at 3501 Douglas Drive North, Crystal, Minnesota 55422 to be owned by Target Properties of Crystal, LLC; (4) up to $20,000,000 for assisted living facilities located at 20949 Keokuk Avenue, Lakeville, Minnesota 55044 to be owned by Target Properties of Lakeville, LLC; (5) up to $20,000,000 for assisted living facilities located at 7010 Alvarado Ln. N., Maple Grove, Hennepin County, Minnesota 55311 to be owned by Target Properties of Maple Grove, LLC; (6) up to $20,000,000 for assisted living facilities located at 7007 139th Ln., Ramsey, Anoka County, Minnesota 55303 to be owned by Target Properties of Ramsey, LLC; and (7) up to $20,000,000 for assisted living facilities located at 938 S. Robert St., West Saint Paul, Dakota County, Minnesota 55118 to be owned by Target Properties of West St. Paul, LLC (together, the “Projects”). The sole member, directly or indirectly, of each member of the Obligated Group is KingsPath Senior Ministries Inc., a Minnesota nonprofit corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”). The Obligations will all be issued under Minnesota Statutes, Sections, 15D.01 through 15D.18, and will be “qualified 501(c)(3) bonds” under the Code. The Obligations and the interest thereon will be limited obligations of the Authority. The Obligations and the interest thereon will be payable solely from the revenue pledged to the payment thereof and other forms of security to be provided by or on behalf of the Obligated Group. Notwithstanding the foregoing, no holders of any of the Obligations will ever have the right to compel any exercise of the taxing powers of the State of Minnesota or any political subdivision thereof to pay the Obligations or the interest thereon or to enforce payment against any property of the State of Minnesota or any political subdivision thereof. Members of the public may also attend by telephone or other electronic means in accordance with Minnesota Statutes, Section 13D.015. Members of the public may attend the hearing in person in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Eagan, Minnesota, or by telephone by calling toll-free 1-877-978-6969; Access Code 867-271-940# or by video at https://www.gomeet.com/867-271-940 (requires Google Chrome for best performance). Some members of the Authority may participate by telephone or other remote means. Written comments may be sent by regular mail to the attention of the Operations Manager at the offices of the Authority at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota 55121, emailed to [email protected], or sent by facsimile to (651) 297-5751. Anyone requiring an accommodation consistent with the Americans with Disabilities Act should contact the Authority at (651) 296-4690 at least 48 hours in advance of the hearing to arrange for any necessary accommodations. For additional information on such public hearing, see the Notice of Public Hearing – KingsPath Target Housing of Minnesota, LLC, on the Authority’s website: mnhefa.org – Recent News. By Order of the Minnesota Health and Education Facilities Authority Barry W. Fick, Executive Director -
March 12, 2026
This meeting will be held from 11:30-12:00 pm on March 12th. This meeting has been scheduled as an informational meeting regarding updates on the Target Housing Healthcare financing. The general public may attend this open meeting through this link: https://meeting.gomeet.com/671-051-068 or by Dial-In Number: 18779786969, using PIN: 671-051-068# -
February 18, 2026
This meeting has been canceled -
January 21, 2026
This meeting will be held in the lower-level conference room at the Authority's office at 860 Blue Gentian Road, Eagan, MN 55121. The meeting is also accessible via telephone 1-877-978-6969 PIN 988-945-745# or online through the following link: https://meeting.gomeet.com/988-945-745 (please use Google Chrome for best performance). -
January 14, 2026
The Minnesota Health and Education Facilities Authority will hold a special meeting of the Authority Board on Wednesday, January 14, 2026 at 10:00 am to discuss its upcoming financing with Target Holdings. This meeting is open to the public, and may be attended in-person at the Authority’s office at 860 Blue Gentian Road, Suite 145, Eagan, MN 55121. The meeting is also available online at https://meeting.gomeet.com/908-604-468 (use Google Chrome for best performance) or by telephone at 1-877-978-6969, using PIN: 908-604-468# -
January 7, 2026
The Minnesota Health and Education Facilities Authority will hold a special meeting of the Authority Board on Wednesday, January 7, 2026 from 12:30 - 1:30 pm to tour one of the seven locations included in its upcoming financing with Target Holdings. This tour is open to the public and will take place at Suite Living of West St. Paul located at 938 S Robert Street, West St. Paul, MN 55118.