Tag Archives: Lignite

Commission Recognizes Housing Incentive Fund Contributor

QEP Resources, Inc. contributed $1 million to the Housing Incentive Fund, helping to create hundreds of new affordable housing units in western North Dakota.

BISMARCK – The North Dakota Industrial Commission today recognized QEP Resources, Inc., for contributing $1 million in December to help the Housing Incentive Fund (HIF) create hundreds of new affordable housing units in western North Dakota.

The company was one of five entities contributing $1 million or more to the fund, allowing for the full capitalization of the program a year in advance of the deadline.

“With North Dakota’s economic growth expected to continue well into the future, affordable housing development remains a top priority for our state,” commission members said in a joint statement. “North Dakota taxpayers, whether they are individuals or businesses like QEP Resources, recognize this need and have shown resounding support for the Housing Incentive Fund.”

The Industrial Commission, consisting of Governor Jack Dalrymple as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees the state’s housing development efforts.

“QEP Resources is excited and thankful for the opportunity to contribute $1 million to support the state’s affordable housing development program,” said Matt Thompson, Vice President of QEP Energy’s Northern Region. “As we safely and responsibly develop North Dakota’s natural resources, we are committed to supporting the growth and development of the state’s local communities through programs like the Housing Incentive Fund. In addition, we allocated more than $800 million of capital investment to our North Dakota operations in 2013, and we look forward to continued investment in the state for years to come.”

QEP’s contribution will support development of Arrowhead Estate in Arnegard and the second phase of a Williston State College Foundation development. Both projects are intended to provide affordable housing for essential service workers. The North Dakota Housing Finance Agency (NDHFA) administers HIF.

Five entities contributed $1 million or more to the fund, allowing for the full capitalization of the program one year in advance of the deadline.

“We sincerely appreciate the support our development program has received,” said Jolene Kline, NDHFA executive director. “We look forward to seeing these developments through to their completion, providing the affordable housing North Dakota’s communities need for healthy growth and development.”

NDHFA received 448 contributions with the greatest monetary support – more than $11.3 million – coming from financial institutions. Gate City Bank and U.S. Bank each contributed $3 million, and Bell State Bank & Trust and Wells Fargo Bank contributed $1 million apiece.

The successful capitalization means that 34 projects that NDHFA conditionally funded last year will move forward creating 934 new housing units in Arnegard, Beach, Bismarck, Burlington, Crosby, Devils Lake, Dickinson, Dunn Center, Fargo, Grafton, Hettinger, Jamestown, Lignite, Mandan, Minot, New Rockford, Turtle Lake, Watford City and Williston.

The Industrial Commission recommended that HIF be reauthorized during the 2013 legislative session. NDHFA received a $15.4 million general fund appropriation and was authorized to further capitalize HIF by issuing $20 million in state tax credits.

For more information about HIF and the developments it supports, contact Kline or Bill Hourigan at (800) 292-8621 or info@ndhfa.org. Information is also available online at ndhousingincentivefund.org. 

Housing Incentive Fund Fully Capitalized in Only Eight Months

State Taxpayers Readily Support Affordable Housing Development

BISMARCK, ND – The North Dakota Industrial Commission announced today that the North Dakota Housing Finance Agency (NHDFA) has fully capitalized the state’s affordable housing development program only eight months after it was reauthorized.

“As North Dakota grows, affordable housing development has become one of our top priorities,” said members of the North Dakota Industrial Commission in a joint statement. “The Housing Incentive Fund has been a huge boost in creating affordable housing units in communities all over the state.”

The Commission, consisting of Governor Jack Dalrymple as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees NDHFA’s housing development efforts and advocated for reauthorization of the highly successful Housing Incentive Fund (HIF) program that was first created in 2011.

HIF was reauthorized during the 2013 Legislative Session and NDHFA received a $15.4 million general fund appropriation and was given the authority to further capitalize the program by issuing $20 million in state tax credits by Dec. 31, 2014. Strong public support resulted in the HIF being fully funded well in advance of the deadline.

Almost 450 contributions were received with the greatest monetary support coming from the banking community. Twenty-eight financial institutions contributed more than $11.3 million combined. Forty-two contributions were made by businesses totaling $3.6 million. More than $5 million was directed to the fund by 378 individual taxpayers; the average household contributing $13,500.

“With North Dakota’s strong, diversified economy contributing to statewide growth that is expected to continue well into the future, affordable housing choices are more important than ever,” said Jolene Kline, NDHFA executive director. “Greater understanding of this need by the public allowed for the rapid capitalization of the fund.”

In November, NDHFA announced that in only two funding rounds, it had committed all of HIF program dollars to 34 projects, leveraging $150 million in construction financing. The program will create 934 housing units, 220 are set aside for households that provide essential community services in energy-impacted communities including education, law enforcement, and medical personnel. Approximately one-third of the developments will provide housing for special needs households including disabled, homeless and elderly individuals and families.

The projects funded by the HIF program will be located in Arnegard, Beach, Bismarck, Burlington, Crosby, Devils Lake, Dickinson, Dunn Center, Fargo, Grafton, Hettinger, Jamestown, Lignite, Mandan, Minot, New Rockford, Turtle Lake, Watford City and Williston.

North Dakota Housing Finance Agency is a self-supporting state agency that finances the creation and rehabilitation of affordable housing across North Dakota. The North Dakota Industrial Commission oversees the agency. To learn more about HIF and developments it supports, contact Kline or Bill Hourigan at (800) 292-8621 or info@ndhfa.org. Information is also available online at ndhousingincentivefund.org.

Lignite Development Houses Essential Service Workers

Officials celebrate the opening of a new apartment complex in Lignite, ND.

LIGNITE, ND – A 28-unit apartment complex in Lignite, ND, is providing affordable housing for local school district employees and border patrol agents.

“On behalf of the state of North Dakota, thank you to Lignite Investments for providing housing for our expanding workforce,” Lt. Gov. Wrigley said, attending the open house on behalf of the Industrial Commission. “Public-private partnerships like this make affordable housing more available, they help families establish roots and they help essential workers settle into the communities they serve.”

In August, North Dakota Housing Finance Agency (NDHFA) made a commitment of $1.27 million to the project through the Housing Incentive Fund (HIF), allowing nine units in the development to be reserved for essential service workers. These units will rent for $490 to $1193 per month. The developers are also pursuing an interest rate buy-down through Bank of North Dakota’s FlexPACE program. The Industrial Commission oversees both state agencies.

“Increased housing costs in energy-impacted areas makes it difficult for government agencies and medical facilities to recruit and retain personnel,” said Jolene Kline, NDHFA acting executive director. “With the demand for development resources growing, more local, state and private dollars – like the HIF contribution made by United Community Bank of North Dakota – are needed to address North Dakota’s affordable housing needs.”

Capitalized by contributions from state taxpayers, HIF provides developers of rental housing with low-cost financing if units are set-aside for essential service workers and low- to moderate-income households. United Community Bank of North Dakota made a $270,000 HIF contribution that directly supports the Lignite development.

Contributors receive a dollar-for-dollar state tax credit for contributions. Contributions can be targeted to a specific project or community. More information on HIF is available online at www.ndhousingincentivefund.org.

Lignite Investments, LLC is a group of investors with backgrounds in development, construction and finance. Upon hearing that Lignite had a zero vacancy rate, the group chose to develop a facility that would help Lignite grow by addressing the community’s need for both affordable and market-rate housing.

“When we heard about Lignite’s struggle to provide affordable housing, we felt that this was a great opportunity as fellow North Dakotans to try to do what we could to help,” said Brian Osowski, a Lignite Investments LLC partner.

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 Dalrymple as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees the agencies.

Fund Spurs Affordable Housing Development Across North Dakota

BISMARCK, ND – Sixteen projects have been selected to receive the balance of the affordable housing development support available through the North Dakota Housing Incentive Fund (HIF).

“With the public-private partnerships promoted by the Housing Incentive Fund, we are taking an active role in addressing the state’s affordable housing needs,” said Gov. Jack Dalrymple,  “I encourage businesses and individuals to continue to contribute to the fund so that all of these projects can move forward.”

Since May, the North Dakota Housing Finance Agency (NDHFA), administrator of the fund, has made commitments totaling $36.9 million for 34 projects in two application rounds. The North Dakota Industrial Commission (Commission), consisting of Dalrymple as chairman, Attorney General Wayne Stenehjem and Agriculture Commissioner Doug Goehring, oversees the agency.

“The program funding will spur more than $150 million in affordable housing development statewide,” said Stenehjem. The Commission oversees the state’s housing development efforts and urged the legislature to reauthorize HIF during the 2013 session.

“The demand for affordable housing is seen in communities large and small,” said Goehring. The projects supported by the program are located in Arnegard, Beach, Bismarck, Burlington, Crosby, Devils Lake, Dickinson, Dunn Center, Fargo, Grafton, Hettinger, Jamestown, Lignite, Mandan, Minot, New Rockford, Turtle Lake, Watford City and Williston.

NDHFA made commitments to the first 18 projects this summer. In total, HIF will support the development of 934 housing units with 220 units set aside to house essential service workers, a legislative priority. Approximately one-third of the developments will provide housing for special needs households including disabled, homeless and elderly individuals and families.

To ensure that the housing units are affordable, the fund must be capitalized by state taxpayers. Contributions can be targeted to a specific project or for general use in a community or region. Individuals and businesses contributing to the fund receive a dollar-for-dollar state tax credit.

“Contributing to HIF is a simple yet highly effective way to help North Dakota communities build housing that is affordable for all their residents,” said Jolene Kline, NDHFA acting executive director.

The agency has until Dec. 31, 2014, to fully capitalize the fund. To learn more about the projects selected or how to contribute to the fund, contact Kline or Bill Hourigan at (800) 292-8621 or info@ndhfa.org. Information is also available online at www.ndhousingincentivefund.org.

NDHFA is a self-supporting state agency that finances the creation and rehabilitation of affordable housing across North Dakota.

Agency Selects Projects Addressing Critical Housing Needs

BISMARCK – The North Dakota Housing Finance Agency (NDHFA) has committed more than $20 million from the Housing Incentive Fund (HIF) to 18 projects across the state.

“The need for affordable housing is felt in communities statewide,” said members of the North Dakota Industrial Commission in a joint statement at their recent meeting. “NDHFA selected projects that address one of the state’s most critical needs – housing for police officers, teachers, nurses, waitresses, clerks, and elderly and disabled households.”

The 2013 Legislature reauthorized HIF at $35.4 million with a priority of providing housing for essential service workers (ESW) in energy-impacted counties and preserving and providing for low- and moderate-income households.

NDHFA received 26 applications totaling more than $36 million. Applicants that set aside units for ESW received a scoring preference. More than half the successful applicants reserved units specifically for ESW. The projects selected include:

  • Beach – $350,000 to Luretto Bay 7 to construct Luretto Bay 7, 12 units. 6 units for ESW. Total project cost $1.4 million.
  • Bismarck – $361,683 to Community Homes of Bismarck, Inc. for the North 19th 4-plex, 5 units. Total project cost is $1.2 million
  • Bismarck – $425,000 to Independence Point, LP to construct Independence Point, 24 units. Total project cost is $3.8 million.
  • Devils Lake – $385,269 to Agassiz Properties LLLP to construct Agassiz Circle Phase II, 8 units. Total project cost is $1.29 million.
  • Dickinson – $1.42 million to Sullivan Properties, Inc. for Sullivan Apartments, 30 units. Total project cost is $4.79 million.
  • Dickinson – $200,000 to Heritage Hills I LLLP for Heritage Hills, 42 units. Total project cost is $8.19 million.
  • Dunn Center – $700,000 to Lutheran Social Services Housing for Dunn Center Apartments, 18 units. 6 units for ESW. Total project cost is $2.32 million.
  • Fargo – $1.14 million to Beyond Shelter, Inc. for North Sky I, 24 units. Total project cost is 2.86 million.
  • Hettinger – $932,400 to Lutheran Social Services Housing for Courtside Village, 24 units. 12 units for ESW. Total project cost is $3.06 million.
  • Lignite – $1.27 million to Lignite Investments, LLC for Lignite Housing Project, 28 units. 9 units for ESW. Total project cost is $4.56 million.
  • Mandan – $1 million to Dakota Commercial & Development to construct Collins Place, 29 units. Total project cost is $3.89 million.
  • Minot – $2.25 million to SW Design Build to construct Rolling Ridge Estates, 48 units. 24 units for ESW. Total project cost is $7.5 million.
  • Turtle Lake – $450,983 to Turtle Lake Housing Authority for Turtle Lake Community Housing, 8 units. Total project cost is $1.5 million.
  • Watford City – $1.2 million to McKenzie Healthcare Systems to construct McKenzie Healthcare Systems Employee Housing, 24 units. 18 units for ESW. Total project cost is $3.6 million.
  • Watford City – $1.48 million to Wolf Run Village, Inc. for Wolf Run Village, 42 units. 18 units for ESW. Total project cost is $6.72 million.
  • Watford City – $725,000 to the Girard Family Trust for adaptive reuse of the McKenzie Ranger District Station Apartments, 9 units. All of the units for ESW. Total project cost is $2.43 million.
  • Williston – $3 million to Dakota Commercial & Development to construct Williston State College Housing Phase II, 74 units. 43 units for ESW. Total project cost is $10 million.
  • Williston – $3 million to Renaissance Station LLC for Renaissance on Main, 45 units. 23 units for ESW. Total project cost is $10 million.

An ESW is defined as an individual employed by a city, county, school district, medical or long-term care facility, the state of North Dakota, or others determined by NDHFA to fulfill an essential public service. To qualify for these rent-restricted units, a household’s primary source of income must come from employment in the ESW-identified field.

HIF received a $15.4 million general fund appropriation from the state. The balance of the fund must be capitalized by taxpayer contributions.

“Before any of these projects can break ground, the fund must have contributions adequate to cover the conditional commitments,” said Jolene Kline, NDHFA acting executive director. “Contributing to HIF is a simple yet highly effective way to help North Dakota communities build safe, decent and affordable housing for all their residents.”

Individuals and businesses contributing to HIF receive a dollar-for-dollar state tax credit. Contributions can be directed to a specific project or community. NDHFA is authorized to issue tax credit certificates to contributors on a first-come, first-served basis up to a maximum $20 million. Contributions to the fund currently stand at more than $1.1 million.

Contributor and developer information is available online at www.ndhousingincentivefund.org or by contacting Kline or HIF Program Administrator Bill Hourigan at (800) 292-8621 or info@ndhfa.org. Applications for the next funding round must be submitted by 5 p.m. (CDT), Monday, Sept. 30.

The Industrial Commission of North Dakota, consisting of Gov. Jack Dalrymple, as chairman, Attorney General Wayne Stenehjem and Agriculture Commissioner Doug Goehring, oversees NDHFA.