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

Housing Incentive Fund Exceeds Contribution Goal

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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.

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