Gov. Jack Dalrymple today celebrated the dedication of Phase I of the Washington Townhomes affordable housing project in Minot and helped break ground on Phase II of the housing development. Once complete, the complex will provide 64 quality, townhome-style residential rental units that will bring additional affordable housing opportunities to Minot and the region. Phase I was completed last month and Phase II is expected to be complete by July 2014.
"The completion of Phase I and the breaking of ground for additional housing units are important milestones in Minot's efforts to expand the area's affordable housing offerings to address the impacts of rapid growth and to continue to help those affected by the June 2011 flood," Dalrymple said. "Washington Townhomes is a great example of how the public and private sectors can work together to meet vital needs and to enhance the growth and livability of our communities."
Funding for the $14.7 million project came from a variety of local, state and private sources, including more than $3.4 million in state funds. The Governor's discretionary Community Development Block Grant program provided $750,000 to acquire the project's development site. More than $1.2 million in Low Income Housing Tax Credits are supporting both phases of the development and more than $1.4 million in HOME funds was allocated for the project.
A three-person household that earns $35,000 or less will qualify to rent the existing townhomes, with two-bedroom units renting for $650 per month and three-bedroom units for $795. The second phase of the development will also be income targeted, following a similar rent structure.
Washington Townhomes is being developed by Beyond Shelter, Inc., a non-profit developer of affordable housing based in Fargo. The organization has developed more than 550 affordable residential units in North Dakota, South Dakota and Minnesota communities and new 2013 developments will bring the total to 630 units.
"Congratulations to Beyond Shelter, the Minot Housing Authority, and all of the local, state and private partners who were instrumental in making this project a reality for Minot and the region," Dalrymple said. "This development is an important investment in Minot's infrastructure and future."