Dickinson Development Received Strong Taxpayer Support
DICKINSON, ND – Ground was broken in Dickinson today for an apartment complex that will offer a reduced rental rate to individuals with intellectual disabilities. Sullivan Properties has reserved nine units in a 30-unit development for individuals who work for and receive services from ABLE Inc.
Thanks to strong taxpayer backing of North Dakota Housing Finance Agency’s (NDHFA) funding commitment, the set-aside apartments will rent at below-market rates. The project received $1.4 million through the Housing Incentive Fund (HIF), an affordable housing development program administered by the state agency.
“We are very appreciative of the support the project received,” said Mary Anderson, ABLE Inc. executive director. “This Housing Incentive Fund commitment allows us to create better housing opportunities for people with disabilities.”
HIF provides low-cost financing to developers of affordable rental housing. The program is capitalized in part by taxpayer contributions that can be directed to specific projects. American Bank Center, the Armstrong Corporation, Bob’s Oilfield Service Inc., Choice Financial, Dakota Community Bank & Trust, Marathon Oil Corp., Northern Improvement, Tesoro Corp. and U.S. Bank all directed that their HIF contributions should support the development. The project received several contributions from individual taxpayers too.
“NDHFA’s mission and our goal for HIF are to ensure there are housing options for everyone in a community,” said Jolene Kline, NDHFA executive director. “We are proud to be able to partner with ABLE Inc. and Sullivan Properties to address Dickinson’s need for safe, decent and affordable housing for disabled individuals.”
Sullivan Apartments will be located at 1141 23rd Street West in Dickinson. It will consist of three buildings – two 12-plexes and one 6-plex. The units designated for use by ABLE’s clients will rent for $610 to $723 per month, utilities included. The remaining units will rent at market rate.
The total cost of constructing the complex is estimated at $4.8 million. Sullivan Properties anticipates that the project will be completed by early 2015.
ABLE, Inc. is a not-for-profit agency employing and supporting people with intellectual and developmental disabilities. The organization will have an office at the complex and will have onsite staff who will rotate between the units providing support as needed.
NDHFA is a self-supporting state agency that finances the creation and rehabilitation of affordable housing across North Dakota. The Industrial Commission of North Dakota, consisting of Governor Jack Dalrymple as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees the agency. More information on the development assistance available provided by NDHFA is available online at www.ndhfa.org.