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Housing fund coming up short in ND oil country - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

Housing fund coming up short in ND oil country

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Contributions are lagging for a fund aimed at building affordable housing in North Dakota's booming oil patch.

The North Dakota Housing Finance Agency says more than 350 low-income housing units could languish if funding is not raised.

The agency's housing incentive fund program gives individuals and business donors a dollar-for-dollar tax credit to develop low-income housing.

The Legislature last year increased the amount of money to finance the credits from $4 million to $15 million.

Agency director Mike Anderson says $3.7 million in donations is needed by the end-of-year deadline to fund all of the 26 low-income projects proposed.

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