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At its June 5 meeting, the Minot City Council approved a plan to call for proposals to create more affordable multi-family housing units.
The City of Minot continues to move forward with efforts to bring more multi-family affordable housing to Minot utilizing funds from the National Disaster Resilience Competition.
At its June 5 meeting, the Minot City Council approved a plan to call for proposals to create more affordable multi-family housing units. The City will review the Request for Proposal (RFP) applications and determine grant awards. Construction would need to begin by October. The goal is to renovate existing facilities within the city rather than construct new buildings.
John Zakian, recently hired by the City as National Disaster Resilience Program Manager, said using the NDR funding as efficiently as possible to help Minot create more affordable multi-family housing was a key element of the city’s application for the funds.
Minot was awarded $74.3 million in January 2016 from the Department of Housing and Urban Development through its National Disaster Resilience Competition. Of that total, HUD approved $34 million for affordable housing projects, with about $21 million earmarked for multi-family housing. Minot’s application included several projects, but one of the key aspects of becoming a more resilient community is to strengthen the city’s affordable housing market.
As part of the overall plan, the Minot Housing Supply & Demand Study was conducted earlier this year. Robert Davis, Planning Director and Chief Resilience Officer for the City of Minot, said the study will help guide the city through the process of creating more affordable multi-family housing, an important step in helping Minot become a more resilient community.
Davis said the study showed there are currently more than 8,000 households in Minot that would qualify for long-term affordable housing, and that number is projected to rise based on population estimates.
The first funding allocated toward an affordable housing project happened when the Minot City Council awarded $1.85 million to help rehabilitate 35 existing units at Park South Apartments and build more units. Thirty of the units must be offered at affordable rates for 30 years, and four units will be handicapped accessible.