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

New Affordable Housing In Tioga

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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.

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