Housing Incentive Fund Capitalized

| 1/2/2013

North Dakota`s Industrial Commission announced today that the Housing Incentive Fund has been capitalized. Over 600 private investors capitalized the $15 million fund.

"Thanks to North Dakota citizens and our business community, the Housing Incentive Fund is fully capitalized and available to move forward on affordable housing projects in western North Dakota and across the state," members of the Industrial Commission said in a joint statement. "With legislative approval we will continue to utilize the Housing Incentive Fund to encourage even greater affordable housing development."

The Housing Incentive Fund was created in 2011 to help develop affordable housing. Contributors get a dollar-for-dollar tax credit.

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