Hoeven: Milton Earl Apartments & Lashkowitz Riverfront Examples of Affordable Housing Projects Needed in FM Region

FARGO, N.D. – Senator John Hoeven today highlighted the Milton Earl Apartments and the Lashkowitz Riverfront as examples of the kind of projects needed to address demand for affordable housing in the Fargo-Moorhead region and across North Dakota. The senator, along with Fargo Mayor Tim Mahoney, Fargo City Commissioner John Strand and Beyond Shelter CEO Dan Madler, toured the Milton Earl development and discussed ongoing efforts to develop affordable housing options for the region’s residents. The projects are supported by public-private partnerships that leverage a variety of federal programs Hoeven has worked to secure on behalf of affordable housing efforts in North Dakota.

“As North Dakota continues to grow due to our dynamic economy, we need affordable housing options for residents, particularly in the Fargo-Moorhead region,” said Hoeven. “Lashkowitz Riverfront and Milton Earl are examples of the kinds of projects we need to meet this demand. These efforts will provide, updated, high-quality apartments with access to amenities that any tenant would value. We’ve worked to ensure the federal supports are in place to advance such important projects, both in the Red River Valley and across the state.”

  • Milton Earl Apartments – This $14 million, 42-unit affordable housing complex will serve tenants age 62 and older to improve their long-term housing stability.
    • Building amenities will include covered parking, secure entrance, on-site property management, an elevator, community room with kitchen, exercise room, craft room, library/media, lounge and roof-top patio.
    • The site is located within walking distance to shopping, church, restaurants, banking, park, retail and health clinic.
    • Funding sources include:
      • Low-Income Housing Tax Credits (LIHTC) – $2.8 million.
      • Housing Trust Fund (HTF) – $1.8 million.
      • Home Investment Partnerships Program (HOME) – $847,400.
      • Section 8 Vouchers – Residents are eligible for rent support.
      • Private Investment – $8.9 million.
  • Lashkowitz Riverfront – This $34 million, 110-unit affordable apartment development will serve low-income individuals and families.
    • The redevelopment of the Lashkowitz High Rise will involve asbestos remediation, the demolition of the building and construction of the new facility.
    • Amenities will include community rooms, lounges, a rooftop patio, exercise room and free laundry.
    • Funding sources include:
      • LIHTC – $15.7 million.
      • HTF – $3 million.
      • HUD Capital Fund Grants – $3 million.
      • Brownfields Cleanup Grants – $2 million for asbestos remediation.
      • Section 8 Vouchers – Residents are eligible for rent support.
      • Conventional Financing – $10 million.

As a member of the Senate Transportation, Housing and Urban Development (THUD) Appropriations Committee, Hoeven has worked throughout his time in the Senate to ensure strong support for federal programs like these, which enable developers to leverage private investment in affordable housing projects.