BISMARCK — The North Dakota Industrial Commission has announced the allocation of funds to affordable housing projects by the North Dakota Housing Finance Agency (NDHFA). Among the projects awarded funding is The Gardenette in Jamestown.

“The funding commitments made by NDHFA support the development of projects in communities large and small that will provide safe and affordable housing for our state’s most vulnerable households,” said Industrial Commission members in a joint statement. The commission, chaired by Gov. Doug Burgum, with Agriculture Commissioner Doug Goehring and Attorney General Drew H. Wrigley, oversees the agency.

The Gardenette in Jamestown is a multiphase rehabilitation project led by Stride Development PBC. The $48 million project comprises three phases which will acquire and rehabilitate a 168-single-bedroom unit development into 150 units providing one-, two- and three-bedroom options. Phase 1 secured $1.1 million of 9% Low Income Housing Tax Credits. Phase 2 received $1.08 million of 9% Low Income Housing Tax Credits, and Phase 3 was awarded $1.03 million of 4% Low Income Housing Tax Credits and $3 million in state Housing Incentive Fund dollars.

NDHFA administers the federal Low Income Housing Tax Credit, HOME Investment Partnerships and National Housing Trust Fund programs as well as the state Housing Incentive Fund.

Other projects awarded funding are at Mandan, Fargo, Cavalier, Rolla and Bismarck. The awarded funds will support the development or preservation of 279 housing units statewide.