Bremer Bank Donates to Housing Incentive Fund - KFYRTV.COM - Bismarck, ND - News, Weather, Sports

Bremer Bank Donates to Housing Incentive Fund

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Bremer Bank contributed $750,000 to the North Dakota Housing Incentive Fund (NDHFA). The money supports projects that provide affordable housing for the state's workforce, homeless and seniors. The bank divided the funds between projects in Bismarck, Burlington, Grafton, Fargo and Minot.

The North Dakota Housing Finance Agency (NDHFA) administers the program, which gives housing developers low-cost financing options for units reserved for low- to moderate-income households.

NDHFA received a $15.4 million general fund appropriation and is issuing $20 million in state tax credits.

 

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