BISMARCK – Two Minot projects are about six affordable multifamily housing projects receiving funding commitments through the North Dakota Housing Finance Agency, according to the North Dakota Industrial Commission.

Through federal Low Income Housing Tax Credit, Beyond Shelter Inc. was awarded nearly $1.18 million in 9% housing tax credits, which will provide an estimated $9.6 million in project equity, and more than $3 million from the Housing Trust Fund for Engle Court in Minot, a 36-unit complex for individuals and families. Total project cost is $18.2 million.

American Covenant Senior Housing Foundation was awarded $300,359 in 4% housing tax credits from the Low Income Housing Tax Credit, which will provide an estimated $2.2 million in project equity. It also was awarded $1.15 million from the Housing Incentive Fund for Wild Rose Senior Housing in Minot, a 48-unit complex to serve households 55 and older. Total project cost is $8.1 million.

The Turtle Mountain Housing Authority was awarded an additional $606,984 in 9% housing tax credits from the Low Income Housing Tax Credit that will provide an estimated additional $5.6 million in project equity to support the construction of 20 units for individuals and families in Belcourt. Total development cost is $11.8 million.

Affordable Housing Developers Inc. was awarded $975,000 from the Housing Incentive Fund and more than $1.38 million through HOME to support the acquisition and rehabilitation of the Jewel City 2, a seven-unit Rolla property. Total project cost is $2.7 million.

The two additional projects were in Dickinson.

“North Dakota Housing Finance Agency received applications for 17 projects, with requests for assistance from more than one funding source, resulting in this application round being oversubscribed by $36.7 million,” said Dave Flohr, the agency’s executive director. The assistance awarded will support the development or preservation of more than 250 housing units statewide.