BEULAH, ND – Lutheran Social Services Housing and North Dakota Housing Finance Agency broke ground on June 6, for New Energy Apartments, a project that will bring affordable workforce housing to Mercer County.
“To have a healthy community, everyone - grocery store clerks, childcare workers, and nursing home staff – should be able to afford home,” said Jolene Kline, NDHFA executive director. “Without affordable housing, it is challenging for a community to recruit and retain workers.”
The $3.84 million project received nearly $1.15 million from the Housing Incentive Fund, a state program administered by NDHFA that ensures the availability of affordable rental housing. Twelve of New Energy’s 24 units will be reserved for essential service workers – employees of the city, school district, and the medical and care centers. Another six apartments will be available to any income-qualified households.
“Lutheran Social Services’ focus is on creating the affordable housing needed by rural communities,” said John Phillips, real estate development director for Lutheran Social Services Housing. “We are ready to begin construction, and look forward to providing the community with this much needed housing.”
According to Phillips, a Mercer County Economic Development Board housing study showed that 38 percent of area renters are burdened by housing costs, putting more than 30 percent of their income towards that expense each month.
The project also received $27,225 from Beulah’s Job Development Authority and the City of Beulah donated the land with an estimated value of $97,300 on which the apartments will be built.
New Energy Apartments will be located on the corner of 11th Street North and County Road 21 in Beulah. The building will be the first project in a new subdivision. The 18 affordable apartments will rent for $355 to $900 per month, depending on household income and unit size. The six remaining units will not have income or employment restrictions and will rent at market rate. Lutheran Social Services Property Management Group will manage the development, (701) 271-3207.
Lutheran Social Services Housing, a program of Lutheran Social Services of North Dakota, supports the continued vitality of the state’s smaller communities by providing nonprofit affordable housing and housing-related services, with more than 20 rental housing projects currently completed and/or under management and additional projects in various stages of development.
Capitalized by contributions from state taxpayers, HIF is a means for developing affordable rental housing for essential service workers, main street employees and fixed-income households. More information on the program is available online, www.ndhousingincentivefund.org.
NDHFA is a self-supporting state agency that finances the creation and rehabilitation of affordable housing across North Dakota. The North Dakota Industrial Commission, consisting of Governor Jack Dalrymple, as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees the agency.
Media Contacts: NDHFA - Sarah Mudder at (701) 328-8056 or email@example.com