10.29.24

Hoeven: Century View Will Provide 40 Families With Affordable Housing, Helping Address One of North Dakota’s Greatest Needs

BISMARCK, N.D. – Senator John Hoeven today marked the grand opening of the Century View affordable housing complex. The $11.2 million project primarily serves low-income families and individuals, consisting of 40 housing units across three apartment buildings with three-, two- and one-bedroom floor plans available, as well as an additional community building. Amenities include balconies and walk-out patios, in-unit laundry, outdoor green space, a community room and kitchen and office space.

The project is supported by more than $3 million in federal funding, which Hoeven worked to secure as a member of the Senate Transportation, Housing and Urban Development Appropriation Committee. This includes:

  • $2.25 million in Home Investment Partnerships Program (HOME) funds.
  • $813,000 in Low Income Housing Tax Credits (LIHTC), which were leveraged by the project developer to secure an estimated $7 million in project equity.
  • Ongoing support from Section 8 housing vouchers, which will provide rental assistance to eligible residents.

“Century View will serve as an important asset for the Bismarck community, providing 40 families with affordable housing and helping address one of the biggest challenges our communities face. This project is now a reality, with amenities that any tenant would want, because the developers were able to leverage more than $3 million of federal funding to secure private investment of $7 million,” said Hoeven. “Through partnerships like this, we can provide the affordable, high-quality housing stock that our state needs, supporting our ongoing growth and a higher quality of life.”

          Century View is the latest example of affordable housing efforts Hoeven has helped advance through his support for federal programs like HOME, LIHTC and other initiatives. Earlier this year, Hoeven marked the completion of the Milton Earl Apartments in Fargo, which serve low-income seniors, and he continues working to support development of the Lashkowitz Riverfront Project, among other efforts.

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