Tax credits OK'd for low-income apartments in Dickinson
A Michigan developer will get $608,944 in tax credits to build Lincoln Park Townhomes in Dickinson for low-income renters and if all goes as anticipated there will be 40 rentable units by summer 2013, the developer and state officials said Wednesday.
Western North Dakota is experiencing a severe housing crunch and skyrocketing rent prices due to an oil boom. Rents in the new townhomes will range from about $350 to $900 per month for those who qualify.
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