Property, Rentals, Transactions

Property, Rentals, Transactions

FIRST-TIME HOMEBUYER LOAN PURCHASE PRICE LIMIT INCREASED

BISMARCK, ND - May 28, 2012 - (RealEstateRama) -- Rising housing costs have prompted the Industrial Commission to increase the maximum loan purchase price allowed by North Dakota Housing Finance Agency’s (NDHFA) homeownership programs.

Merkley Urges Rehab-to-Rent Strategy to Help Stabilize Housing

WASHINGTON, DC - October 28, 2011 - (RealEstateRama) -- Oregon’s Senator Jeff Merkley joined 33 of his colleagues in asking the Obama Administration and the Federal Housing Finance Agency (FHFA) to swiftly develop an efficient and effective real estate owned (REO) management strategy. This strategy will convert foreclosed homes into affordable rentals to help address the foreclosure crisis and stabilize the housing market

Conrad and Hoeven Meet With Bismarck-Mandan Area Homeowners Impacted By Flooding

Bismarck, ND - August 9, 2011 - (RealEstateRama) -- Senator Kent Conrad and Senator John Hoeven visited with homeowners in the Bismarck-Mandan region today that have been impacted by Missouri River flooding. The Senators were joined by local leaders and officials from FEMA and the Army Corps of Engineers to survey damaged homes and discuss how to avoid massive flooding in the future.

Limits increased for FirstHome program income

BISMARCK, ND - June 20, 2011 - (RealEstateRama) -- The Industrial Commission of North Dakota has approved increases in the maximum income limits for the North Dakota Housing Finance Agency’s (NDHFA) FirstHome™ program. The homeownership program offers reduced interest-rate loans to first-time buyers.

HOUSING REDEVELOPMENT FUNDS AVAILABLE

BISMARCK, ND - April 13, 2011 - (RealEstateRama) -- The North Dakota Housing Finance Agency (NDHFA) is soliciting pre-applications for funding that can be used to purchase foreclosed, abandoned or vacant property in targeted communities in order to redevelop that property into safe, decent and affordable housing. The Agency is giving preference to applications that create rental units.

CELEBRATION HELD FOR AFFORDABLE RENTAL HOUSING

WILLISTON, ND - November 9, 2010 - (RealEstateRama) -- Community Development, Inc. (CDI) is hosting a Ribbon Cutting Ceremony to celebrate the completion of the Waters Edge apartments in Williston. The 51-unit development will provide lower-income households with an affordable housing option

HISTORIC PROPERTIES TO BE UPDATED

JAMESTOWN, ND - November 8, 2010 - (RealEstateRama) -- Two apartment buildings here will get a new lease on life with renovations and upgrades. The Jameshouse and Posthouse Apartments, which provides affordable housing for seniors and people with disabilities, will undergo major improvements including installing air conditioning throughout the properties, new windows, roofs and energy-efficient boilers. Dishwashers will be installed in most units, and bathrooms, kitchens and other finishes will be updated. MDI Limited Partnership #102 and its general partner, Gary Stenson, acquired the properties and recently started to update both historic buildings. MetroPlains Management, LLC will continue to manage the properties and oversee the improvements.

GROUND BROKEN FOR MUCH NEEDED RENTAL HOUSING

WILLISTON, ND - October 28, 2010 - (RealEstateRama) -- G.A. Haan Development, LLC is constructing a two-story, 40-unit apartment building in Williston, ND. The complex is partially funded by the federal Low Income Housing Tax Credit (LIHTC) program, administered by the North Dakota Housing Finance Agency (NDHFA)

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HUD AWARDS MORE THAN $7.7 MILLION TO ENHANCE HOUSING OPTIONS IN...

Senator John Hoeven, who serves on the U.S. Senate Appropriations Committee, today announced that the Department of Housing and Urban Development (HUD) has awarded more than $7.7 million to enhance housing options in North Dakota. The funds are awarded as follows

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Heitkamp Reinforces the Need for Strong Policy that Helps Harness Wind...

U.S. Senator Heidi Heitkamp today reinforced the need to support a robust wind industry as part of building and growing an all-of-the-above energy strategy during her visit to LM Wind Manufacturing, which employs about 1,025 people in Grand Forks