Since the most recent oil boom began, housing has been flying up all over western North Dakota. Williston city leaders say the town is starting to catch up with demand. With more homes and apartments on the market, one developer is taking a new approach to fill up his building and help the city out at the same time. More housing options are available around the city, but some rents are still sky-high.
"It's ridiculous. I'm paying $2,000 a month just for one single room," says Williston resident Steve Decker.
To help with rent costs, Eagle Crest, LLC is going to build an apartment complex using a federal bond program called MIDA.
"They get a lower interest rate. In exchange for that, they have to make sure 20 percent of the apartments are rented out at lower rates," says Williston Mayor Ward Koeser.
The new complex is going to have 168 units, and 34 are going to be income-based.
"The kicker is to be able to get into that, you have to have a low income. A family of four, I believe, cannot earn more than 32,250 dollars," adds Koeser.
The complex will be past Harvest Hills on 26th street and will offer two and three-bedroom units. A two-bedroom apartment will be $726, and a three-bedroom apartment will be $838.
"It's to take care of those with lower income, and we really think, especially for the elderly, this will be a real blessing," Koeser says.
The income-based and market-based apartments are going to be intermixed, and will all be built the same way. To use a program like this the city has a fee of $34,000, but Koeser says city commissioners cut the fee in half because Eagle Crest was willing to provide much needed affordable housing.
"If you work with us and try to come up with affordable housing, we're sure going to try to help you," says Koeser.
And the affordable rents sound good to just about everyone.
"Anyways, sign me up though," Decker adds.
Koeser says the MIDA bond program is open to any developer.
Sunday, March 9 2014 8:57 AM EDT2014-03-09 12:57:59 GMT
The Class B Boys season wrapped up the state tournament tonight in Grand Forks. Fargo Oak Groves defeated Rugby 68 to 58 in overtime fashion. North Star defeated the Lions from Linton-HMB 60 to 49 in the
The Class B Boys season wrapped up the state tournament tonight in Grand Forks.
Sunday, March 9 2014 8:54 AM EDT2014-03-09 12:54:06 GMT
The Century Patriots took home 1st place overall in the Swim and Dive State event finishing with 349 points. Followed by Minot with 323 points. North Fargo took home 3rd place overall at 297 points. West
The Century Patriots took home 1st place overall in the Swim and Dive State event finishing with 349 points.
Sunday, March 9 2014 8:50 AM EDT2014-03-09 12:50:18 GMT
The West Region Class A boys and girls basketball season concluded play today, and the state qualifiers are set. On the girls side Bismarck High won the tournament with a 64 to 61 win over Century. Both
The West Region Class A boys and girls basketball season concluded play today, and the state qualifiers are set.
Sunday, March 9 2014 8:48 AM EDT2014-03-09 12:48:30 GMT
Chair-lifts were packed and tube runs were full, as hundreds of families enjoyed a day at the Bottineau Winter Park. But Saturday was no ordinary day in the Turtle Mountains. It's was the grand opening
Saturday was no ordinary day in the Turtle Mountains. It's was the grand opening of Annie's House, a new ski-lodge and adaptive center.
Evangelist Franklin Graham prayed on a sidewalk outside the Pentagon Thursday after his invitation to a prayer service inside was withdrawn because of comments that insulted people of other religions. More>>
NBC North Dakota News has launched a new channel -- Me-TV North Dakota! If you love the classics, Me-TV North Dakota has them.
NBC North Dakota News has launched a new channel -- Me-TV North Dakota! If you love the classics, Me-TV North Dakota has them. Me-TV North Dakota will also play a replay on the Evening and Night Report at 11:30pm Monday-Friday. As well as, local news and weather updates throughout the day.