Choice Financial contributes to ND Housing Incentive Fund
Choice Financial recently contributed nearly $194,000 to the North Dakota Housing Incentive Fund (HIF), with funds supporting projects that will provide affordable housing in Grafton, Fargo, and Dickinson.
“Choice Financial is proud to contribute to the Housing Incentive Fund to fulfill a need for affordable and sustainable housing throughout North Dakota,” said Brian L. Johnson, Choice Financial CEO. “This contribution provides our North Dakota communities with a chance to grow by providing affordable housing that is suitable to their individual needs.”
Capitalized by contributions from state taxpayers, HIF offers low-cost financing to developers of affordable rental housing when they set aside units for essential service workers and low- to moderate-income households. The North Dakota Housing Finance Agency (NDHFA) administers the program.
The bank’s contributions were divided between Prairieview Apartments in Grafton, a family-friendly workforce housing development; North Sky Apartments, a Fargo project designed for adults age 55 and over; and Sullivan Apartments, a complex in Dickinson that has reserved units for people supported by ABLE, Inc.
“This Dickinson apartment complex represents an amazing step in the right direction for affordable housing for people with intellectual disabilities within our communities,” said Mary Anderson, executive director of ABLE, Inc. “We sincerely appreciate the financial support provided by Choice Financial through its Housing Incentive Fund contribution.”
For more information on HIF, contact Bill Hourigan, program administrator, at 800.292.8621 or ndhousingincentivefund.org.
Choice Financial has fourteen full-service banking locations in North Dakota, and one in Minnesota.