Energy Company Gives Large Donation to HIF - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

Energy Company Gives Large Donation to HIF

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Affordable housing is a major need in North Dakota.

One energy company makes a significant contribution toward the Housing Incentive Fund.

The Industrial Commission recognizes QEP Resources Inc. for its donation of one million dollars in an effort to help create more affordable housing units in the western part of the state.

Jolene Kline, Executive Director of the North Dakota Housing Finance Agency says about 35 hundred affordable units are needed per year up until 2020.

She says while they've made progress with the housing incentive fund, they still have a ways to go.

"While this program is contributing about, you know, an average of 500 units per year, we're still far away. You know, I think that the supply is catching up somewhat on the upper-end market side out west, but I think we still have a long way to go on the affordable side," says Jolene Kline, Exec. Director, NDHFA.

The program has now reached it's goal of 35.4 million dollars a year in advance of the deadline.

The next step is to get that money out to the projects.

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