Turtle Mountain Homes #10, developed by Turtle Mountain Housing Authority (TMHA), received a 2021 Low Income Housing Tax Credit (LIHTC) award from the North Dakota Housing Finance Agency (NDHFA).
Turtle Mountain Homes #10 is TMHA’s 10th LIHTC project and will provide 52 new apartments for community members on the Turtle Mountain Reservation in Belcourt, North Dakota.
The development includes a 26-unit building and a 24-unit building with a mix of studio, one-bedroom and two-bedroom units.
Nineteen units will be reserved for households at 60% Area Median Income (AMI), 11 units will be reserved for households at 50% AMI, 11 units will be reserved for households at 40% AMI and 11 units will be reserved for households at 30% AMI.
At a Glance
- Native Organization: Turtle Mountain Housing Authority
- Asset Management Client
- Date Closed with Investor: 2022
- Date Completed:
- Development Type: New Construction
- Project Status: Under Construction
- Total Homes: 52
- Total Project Cost: $19,077,326
- Total Investor Equity: $6,054,863
- Total Grant Money: $750,000