The effort to close the 'affordable housing' gap in Western North Dakota took two steps forward this week with the introduction of TWO apartment buildings in Williston ---
a total of 140 new units in the housing market.
The ribbon cuttings at Mercy Heights Apartments in downtown Williston and the Williston State College Foundation Housing located on the WSC campus attracted local and state officials, including Governor Jack Dalrymple.
96 units are reserved for residents earning 50 to 140 percent of Williams County's Area Median Income.
In order to help with employee housing, Williston State and Mercy Medical Center each received a one-million dollar grant through the housing incentive fund, a program that Governor Dalrymple says has received national attention.
The housing incentive fund is a dollar for dollar credit against your state income tax liability.
(Jolene Kline, Director ND Housing Finance Agency) "It's the opportunity for local individuals, businesses, financial institutions to have a say as to how their tax dollars are going to work. They make a contribution into the fund in return for a dollar for dollar credit against their state tax liability. We in turn take those dollars and put them out for projects across North Dakota that will set aside units that are affordable."
The fund gained legislative support this year going from 15 million dollars in the 2011 biennium to 35.4 million.