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Plan Stimulates Private-Public Partnerships to Meet Housing Needs

Press Release

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"North Dakota is blessed to see so much growth and prosperity. But, without adequate and affordable housing, we cannot preserve our thriving communities," Governor Dalrymple said making two campaign stops in Bismarck and Fargo to address the growing housing needs across North Dakota.

"North Dakotans now have the opportunity to create their own futures, and access to quality, affordable housing plays a role in that pursuit. I am committed to doing all that we can on the state level to ensure infrastructure is in place and affordable housing development is encouraged."

The Governor's plan includes:

Proposing an additional $12 million in Flex PACE buydown funds in the 2013-2015 budget -- an investment that will generate an estimated $125 million in private housing development.
Directing the Bank of North Dakota (BND) to double the size of the Housing Incentive Fund to facilitate the development of affordable housing. BND would set aside $30 million of its earnings for direct investment in the Housing Incentive Fund, thereby accelerating the availability of funds in the upcoming biennium. This commitment is expected to result in approximately $240 million in housing projects.
Continuing the use of the Energy Impact Fund to facilitate further development of residential housing. The Dept of Commerce will ask communities impacted by oil development to identify further needs for sewer lines, water supply systems, utilities, and other infrastructure. Governor Dalrymple will recommend the continuation of residential infrastructure funding to meet these identified needs in his budget preparation this fall.
Directing the Dept of Commerce to enhance its coordination of shared community planning services for western North Dakota political subdivisions experiencing planning needs beyond their normal demand. The planning services will be coordinated by regional development councils, and supported by Dept of Commerce funding and personnel.

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