Tag Archives: Hazen

Hazen Marks Successful Redevelopment of Main Street Property

HAZEN, ND – A gathering in Hazen today marked the successful redevelopment of a blighted Main Street property into an 18-unit apartment complex.

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Project partners celebrate the development of Hazen Pioneer Apartments. Additional photos are available on NDHFA’s Facebook page.

“Through the development of Hazen Pioneer Apartments, we are addressing three community goals – improvement of our Main Street, retention of our senior population and more housing options for the workforce,” said Buster Langowski, Hazen Community Development executive director.

HCD oversaw development and got the project moving forward by purchasing the site’s original building, a community hospital that later served as a nursing home, for $40,000. The City of Hazen supported the effort by providing land, a former city park that surrounds the site, a $60,000 value. The Hazen Housing Authority is the property owner.

“Hazen Pioneer Apartments is an excellent example of how a community can better link housing and supportive services allowing elderly community members to affordably and comfortably age in place,” said Jolene Kline, North Dakota Housing Finance Agency executive director. “The result is better quality of life for our seniors and significant healthcare savings for the community and state.”

The project received $2.1 million from the Housing Incentive Fund, a state program that supports the development of housing for essential service workers, main street employees and fixed-income households. NDHFA administers HIF accepting contributions from state taxpayers to capitalize the fund. The agency received 22 contributions that directly supported the project including large contributions by WRT Communications and U.S. Bank.

The Lewis & Clark Development Group provided a $50,000 pre-development loan and the North Dakota Department of Health provided a $17,000 Brownfield Grant for site cleanup. The remaining project financing was provided by Union State Bank and The Union Bank of Hazen. Other partners include Multifamily Capital Resources Inc., a development consultant; Williams Building Company Inc., the construction manager; JLG Architects; Retterath Management and Sales, property management and HJL Management Company, the eligibility agent.

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Community members tour Hazen Pioneer Apartments.

The supportive services for seniors at Hazen Pioneer Apartments include meals, transportation, medical checks, and the local grocery store will make deliveries to tenants. Four of the units are fully accessible. The property is within walking distance of the public library, city hall and downtown businesses. Energy efficient appliances, in-unit laundry and window coverings are provided. Internet access, cable TV and off street parking are available. Individuals interested in learning more should contact Sandy Retterath at Retterath Management and Sales, (701) 748-5577.

HCD is charged with furthering the development of the City of Hazen and the surrounding area by promoting, encouraging and assisting in the development of new enterprises or the expansion or continuation of presently existing businesses.

NDHFA is a self-supporting state agency that finances the creation and rehabilitation of affordable housing across North Dakota. The North Dakota Industrial Commission, consisting of Governor Doug Burgum, as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees the agency.

Housing Incentive Fund Fully Capitalized

BISMARCK, ND – The North Dakota Industrial Commission announced today that the state’s Housing Incentive Fund (HIF) has been fully capitalized for the biennium. The program relies on taxpayer support to provide low-cost financing to developers of affordable rental housing.

HIF Invest in Your Community“We are very pleased with the success of the Housing Incentive Fund,” said members of the Commission in a joint statement. “Through the program, almost 2,500 new housing units have been created statewide since 2011, helping to address the demand brought on by North Dakota’s economic growth.”

The Commission, consisting of Governor Jack Dalrymple as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees North Dakota Housing Finance Agency (NDHFA), the program administrator.

The state legislature reauthorized HIF during the 2015 session approving a $10 million transfer to the program from Bank of North Dakota profits and giving NDHFA $30 million in tax credit authority to further capitalize HIF.

“We are thankful for the support of all of our contributors. It is only with their assistance that the Housing Incentive Fund is able to advance North Dakota’s efforts to provide housing that’s affordable for all of our residents,” said Jolene Kline, NDHFA executive director.

NDHFA began accepting contributions on July 1, 2015. The agency had until Dec. 31, 2016, to secure all of the contributions needed. NDHFA declared the program fully capitalized on October 14, 2016.

A total of 340 contributions were received. A little over half of the monetary support, $15.08 million, came from financial institutions. Businesses contributed $12.27 million with the single-largest contribution being made by Tesoro Corporation at $5.3 million. Individual taxpayers contributed $2.66 million – their average being $9,914. All of the contributors received dollar-for-dollar state income tax credits.

The development assistance provided through HIF this biennium will leverage $196.4 million in construction costs to create 1,105 housing units. The projects are located in Beulah, Bismarck, Bowman, Devils Lake, Dickinson, Fargo, Grand Forks, Gwinner, Hazen, Killdeer, Mandan, Minot, New Rockford, Valley City, Watford City and Williston. More than one-third of the 30 projects will provide housing for special needs households including disabled, homeless and elderly individuals and families.

“We look forward to seeing these developments through to completion, providing the housing our communities need for healthy growth and development,” Kline said.

A self-supporting state agency, NDHFA finances the creation and rehabilitation of affordable housing across North Dakota.

Redevelopment Project Brings Affordable Housing to Hazen

HAZEN, ND – Hazen Community Development and the Hazen Housing Authority broke ground today on a project that will turn a blighted Main Street property into affordable apartments for the community’s aging population.

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Buster Langowski, Hazen Community Development executive director, describes the project.

We are very appreciative of the support the Hazen Pioneer Apartments project has received and we are excited to be moving forward, updating the look of our downtown and constructing a place where Hazen’s seniors can live comfortably and continue to call this community their home,” said Buster Langowski, HCD executive director.

 

The apartments will be created through the redevelopment of the former Pioneer Park Nursing Home site and the development of the surrounding city park. HCD is the developer. The housing authority is the property owner.

“It’s very important for our communities to have housing that is affordable not only for the workforce, but also for elderly and disabled households,” said Jolene Kline, North Dakota Housing Finance Agency executive director. “Affordable housing is the base that makes continued good health a possibility.”

The $4.21 million project will receive more than $2 million from the Housing Incentive Fund, a program administered by NDHFA. Capitalized by contributions from state taxpayers, HIF is a means for developing affordable rental housing for essential service workers, main street employees and fixed-income households. Twenty-two HIF contributions were directed specifically to the Hazen Pioneer Apartments project.

HCD purchased the nursing home building, a $40,000 value. The City of Hazen provided the park land, a $60,000 value. CommunityWorks North Dakota provided a $50,000 pre-development loan, and the North Dakota Dept. of Health provided a $25,000 Brownfields Grant for site cleanup. The remaining project financing is being provided by Union State Bank. Other partners include Multifamily Capital Resources Inc., development consultant; Williams Building Company Inc., construction manager; and JLG Architects.

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Hazen Pioneer Apartments will be centrally located, with walking distance of several businesses and the public library.

Hazen Pioneer Apartments will be centrally located in the community, within walking distance of the several businesses and the public library. Supportive services will be offered at the property including meals and medical checks. Arrangements have also been made with the local grocery store for deliveries to tenants.

 

All 18 of the property’s units will be reserved for income-qualified households. Four of the units will be fully accessible. The one-bedroom units will rent for $868 and the two-bedroom units will rent for $1,044.

The property is expected to be complete by fall 2017. Individuals interested in learning more about the apartments can contact the property manager, Jamie Hager at MetroPlains Management at (701) 551-3104.

HCD is charged with furthering the development of the City of Hazen and the surrounding area by promoting, encouraging and assisting in the development of new enterprises or the expansion or continuation of presently existing businesses.

NDHFA is a self-supporting state agency that finances the creation and rehabilitation of affordable housing across North Dakota. The North Dakota Industrial Commission, consisting of Governor Jack Dalrymple, as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees the agency.

WRT Supports Development of New Energy Apartments

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West River Telecom presents a check to the North Dakota Housing Finance Agency’s Housing Incentive Fund

BEULAH, ND – West River Telecom CEO and General Manager Troy Schilling presented North Dakota Housing Finance Agency with a $500,000 contribution today to the Housing Incentive Fund.

“At WRT, we view ourselves as being a partner to the communities we serve. We are a member-owned and member-focused organization that looks to enrich the lives of people in those communities, and our support of projects like New Energy Apartments reflects that commitment,” said Schilling.

WRT directed the HIF contribution to the Lutheran Social Services Housing development which is slated to begin construction in Beulah in late May.

“Part of being a healthy community is having an adequate supply of housing that is affordable for individuals and families of all income levels,” said Jolene Kline, NDHFA executive director. “Through its continued support of the HIF, WRT is helping to ensure the vitality of the communities in its service area.”

WRT also made a $500,000 contribution to the HIF program in 2015 to support a Hazen project.

The funding provided to Lutheran Social Services through HIF for the project will enable 18 of the 24 units to be rented at below market rate.

“WRT is a key partner in this project. Without the coop’s support, the development of these apartments would probably not have advanced to the construction start,” said John Phillips, real estate development director for Lutheran Social Services Housing.

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New Energy Apartments building plans.

Twelve of the affordable apartments will be reserved for essential service workers – city and county employees, school district, law enforcement, and medical personnel. The other six rent-restricted units will be available to any income-qualified households. The six remaining units will rent at market rate. According to Phillips, a Mercer County Economic Development study quantified the need for the rental housing.

New Energy Apartments will be located on the corner of 11th Street North and County Road 21 in Beulah. The building will be the first project in a new subdivision.

HIF relies on taxpayer support to provide low-cost financing to developers of affordable multifamily housing. WRT’s contribution supports a $1.15 million commitment that NDHFA made to the Lutheran Social Services’ project last summer. The total cost of construction is estimated to be $3.83 million.

“I encourage more businesses and individuals to consider supporting community growth by contributing to HIF,” added Kline.

NDHFA needs $3 million to fully capitalize the current fund. Contributors receive a dollar-for-dollar state income tax credit. Contributions can be targeted to a specific project or community. More information on HIF is available online at www.ndhousingincentivefund.org or by contacting NDHFA at (800) 292-8621 or hfainfo@nd.gov.

Program Guarantees Speculative Development

North Dakota Housing Finance Agency’s Construction Loan Guarantee program supports the speculative development or rehab of single-family homes in the state’s rural communities.

ConstructionLoan“Building homes in rural communities poses many challenges,” said Jennifer Henderson, NDHFA planning and housing development director. “The pool of potential buyers is smaller making construction lending much riskier and the cost of constructing a home is often higher than what the home will sell for in the current market. Guarantees reduce the potential loss to the lender while helping a community expand its housing stock.”

Through the program, NDHFA will guarantee the lesser of 50 percent of the construction loan made to the individual contractor or $93,500. At any given time, only three active guarantees are allowed per contractor and five per community. The lender or contractor must demonstrate that a need exists in the community for the housing and that the local governing body supports the development.

Use of the Construction Loan Guarantee program is limited to the financing of projects in communities with a population of less than 35,000.

Since the program’s inception in 2007, NDHFA has issued 46 guarantees totaling $2.75 million which have leveraged more than $7.2 million in development costs in the communities of Belfield, Carrington, Hazen, Northwood, Saint John and Tioga.

Information on the construction guarantees and other development resources available from NDHFA can be found online at www.ndhfa.org or by contacting Henderson at (800) 292-8621 or hfainfo@nd.gov.

West River Telecom Supports Development of Pioneer Homes Apartments

WRT-logoHAZEN, ND – West River Telecom (WRT) contributed $500,000 to the state’s Housing Incentive Fund (HIF) in September to support the development of an affordable housing project in Hazen.

“An important part of WRT’s mission statement is to participate in and support the communities we serve and to enhance the quality of life for all of our customers and communities. This project fits perfectly with that mission and we’re pleased that we can support affordable housing development in Hazen,” said Bonnie Krause, WRT CEO and general manager.

WRT directed its HIF contribution to Pioneer Homes Apartments, a Hazen Community Development Group (HCD) project that will transform the former Pioneer Park Nursing Home and an adjacent city park into a 22-unit senior apartment complex. The low-cost financing provided by HIF will bring equity to the project enabling the apartments, once completed, to be rented for below market rate.

“Part of being a healthy community is having housing that is affordable for households at all income levels,” said Jolene Kline, North Dakota Housing Finance Agency (NDHFA) executive director. “By contributing to HIF, WRT advances its home community’s efforts to provide the housing needed locally.”

HIF relies on taxpayer support to provide low-cost financing to developers of affordable multifamily housing. The $1.35 million HIF conditional commitment Pioneer Homes Apartments was awarded in July is one of 24 commitments NDHFA made to affordable housing projects statewide.

“I encourage more businesses and individuals to make a HIF contribution this year so HCD’s project and the other affordable housing projects that were awarded funds this summer can move forward,” added Kline.

The total cost of developing Pioneer Homes Apartments is estimated to be more than $3.2 million. Before HCD can break ground, it must secure an additional $250,000 in HIF contributions.

Individuals and businesses that contribute to HIF receive a dollar-for-dollar state tax credit. Contributions can be targeted to a specific project or community. More information on HIF is available online at www.ndhousingincentivefund.org or by contacting NDHFA at (800) 292-8621 or hfainfo@nd.gov.

North Dakota Housing Incentive Fund Receives $4 Million Contribution from U.S. Bank

Governor Dalrymple with Tim Hennessy (Regional president of US Bank) and Jolene Kline in the Memorial Hall of the Capitol Building for the presentation of $4,000,000 from US Bank to the ND Housing Incentive Fund.

Governor Dalrymple with Tim Hennessy (Regional president of US Bank) and Jolene Kline in the Memorial Hall of the Capitol Building for the presentation of $4,000,000 from US Bank to the ND Housing Incentive Fund.

BISMARCK, N.D. and MINNEAPOLIS – The North Dakota Housing Incentive Fund (HIF) is getting a big boost with a $4 million contribution from U.S. Bank. HIF supports the development of affordable housing in the state.

The HIF contribution was presented at the North Dakota State Capitol in Bismarck on Thursday, Aug. 13 by U.S. Bank Regional President Tim Hennessy to North Dakota Governor Jack Dalrymple and North Dakota Housing Finance Agency (NDHFA) Executive Director Jolene Kline.

“U.S. Bank is honored to be able to continue to support North Dakota’s housing development efforts,” said Hennessy. “The Housing Incentive Fund plays a vital role in providing affordable housing, which helps make our state an economically stronger and healthier place to live and work.”

NDHFA is a self-supporting state agency dedicated to making housing affordable for all North Dakotans. The Industrial Commission of North Dakota, consisting of Dalrymple as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees the agency.

U.S. Bank was one of the first companies to make a contribution to the fund when it was created in 2011. The bank also contributed $1.2 million in 2011 and $3 million in 2013.

“Thank you to U.S. Bank for this generous contribution and for their continued support of affordable housing development in North Dakota,” said Dalrymple. “U.S. Bank has been a strong partner from the very beginning of the Housing Incentive Fund. This $4 million contribution makes U.S. Bank the largest aggregate contributor in the program’s history.”

“We are very appreciative of U.S. Bank’s continued support of the Housing Incentive Fund, and I thank the bank for making the contribution now,” said Kline. “Having U.S. Bank’s support this early in our capitalization process will allow these housing projects to begin moving forward with construction, addressing critical housing needs in our fast growing communities.”

Projects in Beulah, Bismarck, Dickinson, Fargo, Grand Forks, Hazen, Mandan, Minot and Ray benefitted from U.S. Bank’s contribution.

More information on HIF is available online at www.ndhousingincentivefund.org or by contacting NDHFA at (800) 292-8621 or hfainfo@nd.gov.