Dalrymple Celebrates Groundbreaking of New Affordable Housing Development in Dickinson
by ND Governor
Posted on 8/8/2012
Gov. Jack Dalrymple today joined state and local officials in breaking ground on Patterson Heights Apartments, a new affordable housing development in Dickinson. Project developer, Beyond Shelter, Inc., and the North Dakota Housing Finance Agency (NDHFA) co-hosted the groundbreaking ceremony for a 24-unit development that will provide housing for essential services employees and those on fixed incomes.
The $3.4 million project is a collaborative effort of several state, local and private partners, with funding sources that include a $1.3 million contribution to the North Dakota Housing Incentive Fund (HIF) by Marathon Oil Co.; $744,000 from the state's new Law Enforcement Pilot Program (LEPP); $194,000 in Community Development Block Grants through the North Dakota Department of Commerce; and Flex PACE Affordable Housing Program funds through the Bank of North Dakota.
"The state is committed to bringing additional housing opportunities to western North Dakota to ensure that those on fixed incomes and essential services employees have access to quality, affordable housing," Dalrymple said. "Today's groundbreaking is another great example of the public-private partnerships that are working together to make that happen. Patterson Heights Apartments will be a valuable addition to Dickinson and the region."
Patterson Heights Apartments is one of the first housing projects that will set aside rental units specifically for law enforcement personnel and will be supported by funds from LEPP, a pilot program developed by NDHFA in collaboration with the North Dakota Industrial Commission and the Attorney General's Office. LEPP's contribution ensures that eight of the 24 units will be reserved for law enforcement professionals, addressing a challenge for recruiting and retaining personnel.
Marathon Oil contributed $2.5 million to HIF last December, targeting a portion of its contribution for housing development in Dickinson. More than $1.3 million was provided to the Patterson Heights project.
Capitalized by contributions from state income and financial institution taxpayers, HIF is a means for developing affordable multi-family housing. Individuals, businesses and financial institutions receive a dollar-for-dollar state income tax credit in exchange for their contributions. As of August 1, the fund has received more than $7 million.
Patterson Heights will consist of six one-bedroom, 12 two-bedroom and six three-bedroom units. Beyond Shelter anticipates that the project will be completed by February 2013.