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:

  • $516,598 to the Turtle Mountain Housing Authority to construct 28 units in Belcourt and St. John;
  • $553,805 to GLS Development, LLC, to build 44 units in Dickinson;
  • $607,692 to Beyond Shelter, Inc., to add 39 units to the Crossroads Senior Living Community in Fargo;
  • $292,974 to Civic Auditorium, L.P., to construct 40 units in Grand Forks; and
  • $496,091 to Lutheran Social Service Housing, Inc., to build 26 units in Tioga.
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