Notice of Public Hearing – Glenhaven Housing Foundation, Inc.
August 5, 2026
MINNESOTA HEALTH AND EDUCATION FACILITIES AUTHORITY
Notice of Public Hearing on Revenue Obligations
on Behalf of Glenhaven Housing Foundation, Inc.
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 GHF MN, LLC, GHF Keystone Bluffs HoldCo, LLC, GHF Keystone Bluffs PropCo, LLC, GHF Keystone Bluffs OpCo, LLC, GHF Keystone Bluffs 2 HoldCo, LLC, GHF Keystone Bluffs 2 PropCo, LLC, GHF Cloquet HoldCo, LLC, GHF Cloquet PropCo, LLC, GHF Cloquet OpCo, LLC, GHF Detroit Lakes HoldCo, LLC, GHF Detroit Lakes PropCo, LLC, GHF Detroit Lakes OpCo, LLC, GHF Grand Rapids HoldCo, LLC, GHF Grand Rapids PropCo, LLC, GHF Grand Rapids OpCo, LLC, GHF Lester Park HoldCo, LLC, GHF Lester Park PropCo, LLC, GHF Lester Park OpCo, LLC, GHF Little Falls HoldCo, LLC, GHF Little Falls PropCo, LLC, GHF Little Falls OpCo, LLC, GHF Mountain Iron HoldCo, LLC, GHF Mountain Iron PropCo, LLC, GHF Mountain Iron OpCo, LLC, GHF Park Rapids HoldCo, LLC, GHF Park Rapids PropCo, LLC, GHF Park Rapids OpCo, LLC, GHF Proctor HoldCo, LLC, GHF Proctor PropCo, LLC, and GHF Proctor OpCo, 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, August 12, 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 $102,300,000 (the “Obligations”) to finance the costs to acquire, improve, renovate, furnish, equip, and expand, as applicable, the following facilities:
- up to $26,920,000 for assisted living facilities located at 2528 Trinity Road, Duluth, MN, to be owned by GHF Keystone Bluffs PropCo, LLC;
- up to $7,180,000 for assisted living facilities located at 130 West North Road, Cloquet, MN, to be owned by GHF Cloquet PropCo, LLC;
- up to $6,100,000 for assisted living facilities located at 1558 Randolph Road, Detroit Lakes, MN, to be owned by GHF Detroit Lakes PropCo, LLC;
- up to $7,400,000 for assisted living facilities located at 949 Southwest 11th Avenue, Grand Rapids, MN, to be owned by GHF Grand Rapids PropCo, LLC;
- up to $13,240,000 for assisted living facilities located at 6353 East Superior Street, Duluth, MN, to be owned by GHF Lester Park PropCo, LLC;
- up to $10,380,000 for assisted living facilities located at 1401 5th Avenue NE, Little Falls, MN, to be owned by GHF Little Falls PropCo, LLC;
- up to $6,870,000 for assisted living facilities located at 8583 Unity Drive, Mountain Iron, MN, to be owned by GHF Mountain Iron PropCo, LLC;
- up to $11,680,000 for assisted living facilities located at 909 Crocus Hill Street, Park Rapids, MN, to be owned by GHF Park Rapids PropCo, LLC;
- up to $11,030,000 for assisted living facilities located at 913-923 Old Highway 2, Proctor, MN, to be owned by GHF Proctor PropCo, LLC; and
- up to $1,500,000 for vacant land located adjacent to 2528 Trinity Road Duluth, MN, to be owned by GHF Keystone Bluffs 2 PropCo, LLC;
(together, the “Projects”), to fund debt service reserves, to fund working capital, to fund capitalized interest on the Obligations, and to pay costs of issuance of the Obligations, as permitted by the Code.
The sole member, directly or indirectly, of each member of the Obligated Group is Glenhaven Housing Foundation, Inc., a Wyoming non-profit corporation and 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 any tax-exempt Obligations 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 508-269-810# or by video at https://meeting.gomeet.com/508-269-810 (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 – Glenhaven Housing Foundation, 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