New Affordable Housing In Tioga - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

New Affordable Housing In Tioga

Posted: Updated:

Affordable housing took a step forward today in Tioga thanks to the new endeavors of a nonprofit.

Lutheran Social Services Housing and the North Dakota Housing Finance Agency partnered three years ago with a vision for affordable housing in oil country.

Today was the open house for Nordic Hills and Juniper Ridge apartment complexes - adding 36 apartment units to the Tioga inventory.

The 26 units of Nordic Hills were completed in March.

The North Dakota Housing Finance Agency allocated $474 thousand dollars in 2010 federal Low Income Housing Tax Credits that were set aside for energy-impacted communities.

That translated to $3.5 million in equity for the Nordic Hills project.

An additional $2 million in construction financing was secured through the federal Neighborhood Stabilization Program - making Nordic Hills primarily funded with federal dollars.

Nordic Hills will be managed by Minot Housing Authority.

Rent will range from $325 to $670 for those who qualify.

(Rory Nelson, ND Energy Impact Coordinator) "To be able to provide some affordable housing for this area, it's key to this area. We have so much growth going on. If you look around at the going rates in the area for rentals or housing, it's truly amazing that you can do this."

Lutheran Social Services Housing will also manage the adjacent 'Juniper Ridge' apartments.

Those ten units were funded through North Dakota Housing Finance Agency and local funds for a rent range of six to eight hundred dollars.

In total, the two buildings cost about $6 million.

  • Minot/Williston NewsMore>>

  • Saltwater Spills in Region

    Saltwater Spills in Region

    Wednesday, July 30 2014 7:47 PM EDT2014-07-30 23:47:32 GMT
    Two spills have dumped thousands of gallons of brine and oil on land in Mountrail and Bottineau Counties in the past day.
    Two spills have dumped thousands of gallons of brine and oil on land in Mountrail and Bottineau Counties in the past day.
  • Building Updates for Minot Schools

    Building Updates for Minot Schools

    Wednesday, July 30 2014 7:45 PM EDT2014-07-30 23:45:46 GMT
    Get ready to start seeing work around the Minot Public School district...
    Get ready to start seeing work around the Minot Public School district...
  • Women in Business

    Women in Business

    Wednesday, July 30 2014 7:43 PM EDT2014-07-30 23:43:37 GMT
    Dozens of local business women gathered at the Grand Hotel in Minot today to learn some tips about how to make their businesses more profitable.
    Dozens of local business women gathered at the Grand Hotel in Minot today to learn some tips about how to make their businesses more profitable.
Quick Clicks
Closings/Delays
View list
Calendar
What's happening?
Lottery Results
Feeling lucky?
Viewer Photos
Submit yours!
Road Report
Current conditions
TV Listings
See what's on
Gas Prices
Check near you
E-Mail Newsletter
Signup now

Most Popular

Stories
Videos
loading...
Powered by WorldNow
General information or questions:
kxinfo@kxnet.com

News:
Bismarck:
Phone: 701-223-9197
News Fax: 701-223-1985

News:
Minot:
Phone: 701-852-2104
News Fax: 701-838-1050
All content © Copyright 2000 - 2014 WorldNow and KXNET. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.