Agency selects projects addressing housing needs
The North Dakota Housing Finance Agency has committed more than $20 million from the Housing Incentive Fund to 18 projects across the state.
Among the projects approved was $1 million to Dakota Commercial & Development to construct a 29-unit complex called Collins Place in Mandan. The total project cost is $3.89 million.
“The need for affordable housing is felt in communities statewide,” said members of the North Dakota Industrial Commission in a joint statement at their recent meeting. “NDHFA selected projects that address one of the state’s most critical needs – housing for police officers, teachers, nurses, waitresses, clerks, and elderly and disabled households.”
The 2013 Legislature reauthorized HIF at $35.4 million with a priority of providing housing for essential service workers in energy-impacted counties and preserving and providing for low- and moderate-income households.
NDHFA received 26 applications totaling more than $36 million.