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USDA gives $14.2M for apartments in Dickinson

Dickinson Pacific Associates has received a $14.2 million loan to construct 136 apartment units in Dickinson, according to a press release.

The U.S. Department of Agriculture’s Rural Development division announced the loan on Monday. The funds will go toward Dickinson Vista Apartments, which will include a 2,500-square-foot community center.

“With extremely low vacancies and long waiting listings, there is a shortage of affordable rental options in Dickinson,” stated Jasper Schneider, Rural Development state director. “This project will help address the housing need while providing quality places to live.”

USDA will finance approximately 70 percent of the $20 million project. The apartment is expected to be finished by summer 2015 and will offer monthly rental rates “under market rent for the area,” according to the release.

April Baumgarten
April Baumgarten joined the Grand Forks Herald May 19, 2015, as the news editor. She works with a team of talented journalists and editors, who strive to give the Grand Forks area the quality news readers deserve to know. Baumgarten grew up on a ranch 10 miles southeast of Belfield, where her family continues to raise registered Hereford cattle. She double majored in communications and history/political science at Jamestown (N.D.) College, now known as University of Jamestown. During her time at the college,  she worked as a reporter and editor-in-chief for the university's newspaper, The Collegian. Baumgarten previously worked for The Dickinson Press as the Dickinson city government and energy reporter in 2011 before becoming the editor of the Hazen Star and Center Republican. She then returned to The Press as a news editor, where she helped lead an award-winning newsroom in recording the historical oil boom.