Developing affordable rental housing
The City of Minot is proposing to shift a portion of its $35 million in Community Development Block Grant funds to help develop affordable rental housing.
The city put out notice Wednesday that it is seeking public comment on the proposed change to its Disaster Recovery Action Plan. The city would eliminate its plan to acquire vacant or abandoned lots for affordable housing and put that $7.3 million into solutions that officials believe will benefit more tenants.
The city is working with Minot Housing Authority and Beyond Shelter, a nonprofit, to provide more than $1.2 million toward affordable senior apartments and $850,000 toward a mixed-use rental development, leveraging low-income tax credits and state tax incentives. Both projects will benefit residents of low to moderate incomes.
In addition the City proposes to use more than $5.2 million for the rehabilitation or reconstruction of small rental buildings of one to four units that were damaged by the 2011 flood. The city will require that the units be leased to persons of low to moderate income for a minimum of five years.
Public comments will be accepted through Oct. 8. Comments may be submitted via email to email@example.com or by mail to Public Information Officer, P.O. Box 5006, Minot, N.D. 58702-5006.
Non-English-speaking residents and people with disabilities may request auxiliary aids and service necessary for participation by contacting Tami Stroklund, executive secretary, at P.O. Box 5006, Minot, N.D. 58702-5006 or by email at firstname.lastname@example.org. They also may access State of North Dakota assistance at: 1-800-366-6888 or 711 (TYY or voice); 1-877-366-3709 (900 Services or Speech to Speech); or 1-800-435-8590 or 711 (Spanish).
The city is just finishing development of an Affordable Housing Strategy. Fifteen to 20 percent of the rental units in Minot were damaged by the 2011 flood. Recovery has been slow with rental housing, especially in meeting the needs of low and moderate income households. The unprecedented housing demand created by expansion of the oil industry in western North Dakota has pushed rental prices beyond the financial means of most low to moderate income households.