The Roundup -

Watford City Celebrates Finish of Affordable Housing Project

 


G.A. Haan Development showcased 100 new apartments for McKenzie County seniors and the workforce recently.

The properties received support from local, state and federal government programs to guarantee affordability.

“The alliances forged through the development of McKenzie Village and McKenzie Park are great examples of the public-private partnerships we need for enhancing our healthy, prosperous communities,” Lt. Gov. Drew Wrigley said.

The North Dakota Industrial Commission, consisting of Governor Jack Dalrymple as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees North Dakota Housing Finance Agency. Wrigley attended the event on the Commission’s behalf.

McKenzie Village, a 40-unit apartment complex for households age 55 and older, received support from the federal Low Income Housing Tax Credit program that brought $6 million in equity to the $7.53 million project.

A $3.49 million Housing Incentive Fund program allocation supported the development of McKenzie Park. The commitment the $11.65 million project received from the state reserved 35 of the 60 units for Essential Service Workers, lower-wage employees of medical facilities and local and state government agencies.

NDHFA administers both HIF and LIHTC, government programs that provide incentives for the production of affordable rental housing.

 

Reader Comments
(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2018