Minot N.D.'s First NDR-Supported Housing Project Is Complete

August 27, 2018

 

 

 

 

Syndicated by: Montana News
Park South Apartments, the City of Minot’s first affordable housing rehabilitation project supported
by the National Disaster Resilience (NDR) Program, is complete.


The apartment building is one of the first projects in the country completed between the recipients
of the 13 NDR grants provided by the U.S. Department of Housing and Urban Development
(HUD) program.


“We’re proud that Minot continues to be an example of how the NDR Program is expected to
help communities,” said City of Minot Mayor, Shaun Sipma. “This project was a great first step
for the community utilizing the HUD grant, NDR dollars, and it’s a great illustration of what all
three levels of governments working together can accomplish.”


The City of Minot received a $74.3 million HUD grant through the NDR program, $21 million is
designated for affordable multifamily housing. It awarded $1.97 million to Essential Living Inc.,
the non-profit owner of Park South, to renovate the building’s 35 existing apartments and add
five new units. Seventy-five percent of Park South’s apartments are now reserved for income qualified households, four of these units are fully handicapped accessible.


“The project completion on a timely basis fulfills a critical commitment the city made in 2016
when HUD approved the NDR Action Plan,” said Disaster Resilience Program Manager John
Zakian. “Park South’s completion is a milestone for the City of Minot in carrying out the goal of
fulfilling unmet housing needs in the community.”


Essential Living also received $2.23 million from North Dakota Housing Finance Agency
(NDHFA) through the Housing Incentive Fund. The state’s program supports the development
and preservation of affordable multifamily rental housing targeted to low- to moderate-income
households and essential service workers.


“The assistance North Dakota Housing Finance Agency provided through the Housing Incentive
Fund extended the affordability of these homes, and ensures that the individuals and families that
live at Park South have a place to live that is both safe and desirable,” said NDHFA Executive
Director Jolene Kline.


The project received additional support through the North Dakota Department of Commerce,
$714,950 from the Governor’s Community Development Block Grant Discretionary Funds for
the storm water management work that benefited the whole neighborhood; and an interest-rate
buy down from Bank of North Dakota’s Flex-pace program. The total project cost exceeded
$7.4 million.


“Minot was extremely fortunate to receive the NDR Funds, and we are pleased that this project
really demonstrates how the private sector can work with the public sector to provide affordable
housing for our community,” said Essential Living President Bruce Walker. “Working with the
City of Minot, North Dakota Housing Finance Agency, and our other project partners has been a
very positive experience.”


Located at 234 14th Ave SE, Park South was constructed in 1948 and originally served as a convent.
It was converted into apartments in the 1980s with the last major renovation taking place at
that time. Essential Living updated all of the existing units’ kitchens and bathrooms, plumbing,
electrical, hardware and flooring.


The building’s common areas were also renovated, asbestos was abated, the original coal burning
boiler was replaced, and a new entrance, air conditioning and an elevator were added.


Many of Park South’s tenants lived at the property prior to the renovation. The developer phased
construction so that those households would not be displaced during the renovation. Currently,
22 of the building’s 40 apartments are rented. Individuals who would like to learn more about
Park South can contact the property manager, 1st Minot Management, at (701) 839-7505.


Essential Living plans to construct affordable patio homes on the five acres that adjoins Park
South. If they are able to secure the financing needed, Walker anticipates starting that project
next year.

The City of Minot is focused on providing essential services to North Central North Dakota. The
City’s National Disaster Resilience Program is an initiative to help the community recover and
grow more resilient for the future. The program is possible with the help of $74 million awarded
by the U.S. Department of Housing and Urban Development and over $1 million in community leverage funds.


Essential Living is a non-profit entity focused on creating affordable and sustainable housing
opportunities in Ward County. Our goal is to provide affordable housing options that can help
improve the quality of life for individuals and families in the community.


NDHFA is a self-supporting state agency that finances the creation and rehabilitation of affordable
housing across North Dakota. The North Dakota Industrial Commission, consisting of Governor
Doug Burgum, as chairman, Agriculture Commissioner Doug Goehring and Attorney
General Wayne Stenehjem, oversees the agency.

 

 

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