A 40-unit senior housing community by Commonwealth Development is among the projects receiving funding from the North Dakota Housing Finance Agency (NDHFA).

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NEX Senior in Fargo will feature one- and two-bedroom units, on-site management, and integrated supportive services.

NDHFA administers the federal low-income housing tax credit (LIHTC), HOME Investment Partnerships (HOME), and National Housing Trust Fund (HTF) programs as well as the state Housing Incentive Fund (HIF).

Commonwealth Development’s latest project received $1.1 million in 9% LIHTCs, $1,558,248 in HOME, and $2,852,413 in HTF funds.

Overall, the awarded funds will support the development or preservation of 279 housing units statewide.

NDHFA also approved funding to:

  • The Gardenette in Jamestown, a multiphase rehabilitation project led by Stride Development PBC. The $48 million project comprises three phases, which will acquire and rehabilitate a 168-single bedroom unit development into 150 units providing one-, two- and three-bedroom options. Phase 1 secured $1.1 million of 9% LIHTCs. Phase 2 received $1,082,900 of 9% LIHTCs, and Phase 3 was awarded $1,032,000 of 4% LIHTCs and $3 million in HIF dollars.
  • Avalon at Mandan, a $9.4 million new construction project led by Domera Development and CUBIT Development Group. This community involves the construction of a 25-unit, two-story rowhome catering to households with children. This infill development received $975,000 in 9% LIHTCs.
  • Dakota Apartments, an eight-unit, two-story new construction apartment building in Cavalier by the Red River Community Housing Development Organization. The $3,075,000 project was awarded $1.7 million in HIF funding.

As part of this funding round, NDHFA also allocated an additional $450,000 in HOME and $700,000 in HIF funds to Affordable Housing Developers for the Jewel City 1 rehab in Rolla; $661,702 in HOME funding to CommunityWorks ND for Boulevard Avenue Apartments in Bismarck; and $300,000 in HIF funding to Community Homes for Washington Court Apartments in Bismarck to complete their respective projects.

“While development costs have risen, the demand for affordable housing has not slowed. It underscores the urgency of NDHFA’s mission to ensure that affordable housing remains accessible to those who call North Dakota home,” said Dave Flohr, executive director of NDHFA.