The North Dakota Housing Finance Agency has reserved $2.4 million in low-income housing tax credits (LIHTCs) to five developers to build or rehabilitate 177 housing units.
The agency received 14 applications requesting more than three times the amount of available credits.
"A lack of affordable housing makes it difficult to attract and retain employees," said Agriculture Commissioner Doug Goehring in a statement. "A new set-aside in this year's allocation plan includes funding geared toward areas impacted by energy-related exploration and extraction.”
Goehring, Gov. John Hoeven, and Attorney General Wayne Stenehjem make up the Industrial Commission of North Dakota, which oversees the housing agency.
The 2010 LIHTC reservations awards include: