Housing Incentive Fund Exceeds Contribution Goal - KMOT.COM - Minot, ND - News, Weather, Sports

Housing Incentive Fund Exceeds Contribution Goal

Posted: Updated:

More options will soon be available for people struggling to find affordable housing. And it's because of some generous contributions.

A program that focuses on affordable housing exceeded it's goal for donations. The housing Incentive fund received more than $20 million in donations. QEP Resources was one of five entities to donate $1 million or more to the fund.

"It's just one more example of the companies, the businesses, the financial institutions, who are recognizing that it's their way of paying it forward. They're benefiting. They're having an impact in the communities. And it's a way of directing their tax dollars back to work in those communities where they operate," says Jolene Kline, N.D. Housing Finance Agency.

In total, the North Dakota Housing Finance Agency received 448 contributions. Most of the money came from financial institutions. But businesses also played a part, donating more than $3.6 million to the fund. And donations from individual taxpayers exceeded $5 million.

"I want to thank all of our North Dakota taxpayers who contributed to the fund, and had the insight to understand that affordable housing is a critical need for us in North Dakota," says Governor Jack Dalrymple.

The money will be used to create 934 new housing units across the state. Of those units, 220 are set aside for essential service workers, including educators, law enforcement officers and medical personnel.

"Making sure they have adequate, affordable housing has been a real challenge for us. And so, this kind of program is something that really makes an enormous difference," says Attorney General Wayne Stenehjem.

Housing will also be reserved for senior citizens, people with disabilities and the homeless.

NDHFA will be refunding more than $500 thousand in excess donations. QEP's donation will support developments in Arnegard and Williston.

  • Latest NewsMore>>

  • Young Man Inspires GABR Fundraising

    Young Man Inspires GABR Fundraising

    Thursday, April 17 2014 11:49 PM EDT2014-04-18 03:49:51 GMT
    Mitchell Hintz is just like any other 22-year-old determined to accomplish his goals. For the past eight years, one goal has been to raise the most money for Sanford Health's Great American Bike Race.
    Mitch Hintz is determined to raise the most money for Sanford Health's Great American Bike Race.
  • Globetrotters Hit Magic City

    Globetrotters Hit Magic City

    Thursday, April 17 2014 11:41 PM EDT2014-04-18 03:41:03 GMT
    A show-case of basketball skills and family entertainment is hitting the Magic City tonight.  The Harlem Globetrotters are making a stop in Minot as part of their "Fans Rule" World Tour.  The team has
    The Harlem Globetrotters are making a stop in Minot as part of their "Fans Rule" World Tour.
  • Bismarck Fire Department Responds to Apartment Fire

    Bismarck Fire Department Responds to Apartment Fire

    Thursday, April 17 2014 11:18 PM EDT2014-04-18 03:18:53 GMT
    The Bismarck Fire Department responded to a fire an apartment building this afternoon at 2018 East Avenue D.   Firefighters found a small fire in the kitchen of a second story apartment and were able
    The Bismarck Fire Department responded to a fire an apartment building this afternoon.
  • TOOLBOX

Most Popular

Stories
Videos
loading...
  • Special Feature HomeSpecial FeaturesMore>>

  • Ask An Attorney

    Ask An Attorney

    CLICK HERE TO GO TO THE ASK AN ATTORNEY PAGE!
    CLICK HERE TO GO TO THE ASK AN ATTORNEY PAGE!
  • Mobile Apps

    Mobile Apps

    We have the best Mobile Apps.  Learn how you can download yours today.
  • Me-TV North Dakota

    Me-TV North Dakota

    NBC North Dakota News has launched a new channel -- Me-TV North Dakota!  If you love the classics, Me-TV North Dakota has them.
    NBC North Dakota News has launched a new channel -- Me-TV North Dakota!  If you love the classics, Me-TV North Dakota has them.  Me-TV North Dakota will also play a replay on the Evening and Night Report at 11:30pm Monday-Friday.  As well as, local news and weather updates throughout the day.
Powered by WorldNow
    Powered by WorldNow
    All content © Copyright 2000 - 2014 Worldnow and KMOT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.