Associated Press, Published January 08 2012
Dickinson housing project unlikely to get aidDICKINSON, N.D. – Dickinson city officials say a proposed housing project isn’t likely to qualify for rent subsidies.
The City Commission is backing a Fargo nonprofit developer’s request for housing tax credits to build the $8 million Patterson Place project.
It would consist of 54 townhomes, built over two years. Rents would start at $419 a month. The apartments would be targeted at families earning $8 and $17 an hour.
North Dakota’s Housing Finance Agency is offering $2.5 million in tax credits this year.
Dickinson Mayor Dennis Johnson said the city needs the credits, but Minot may have a stronger case because of the city’s flood damage.
The nonprofit’s chief operating officer said tax credits are needed to offer lower rents.
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