MINOT, N.D. (AP) - An affordable workforce housing project has broken ground in northeast Minot.
The North Dakota Housing Finance Agency says the 42 units will rent from $400 to about $800 a month depending on income and family size.
Nine apartments will be reserved for individuals employed by a school, medical facility or government agency deemed an essential public service.
Gov. Jack Dalrymple says it’s the state’s priority to make affordable housing is available to residents who have been affected by flood recovery and the region’s rapid growth.
Construction is estimated at $8.3 million. The state provided $6 million and the housing agency gave a $2.3 million forgivable loan. The developers of Fieldcrest Apartments are required to keep rent at affordable under the loan conditions.
The project is expected to be finished by June 2015.
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