Three Affordable Housing Program applications prepared by Travois were successfully funded, and the Fort Berthold Housing Authority and Dakota Nation Housing Development Corporation will receive a total of $1,208,106 for housing on their reservations. The Federal Home Loan Bank of Des Moines announced the awards in January.
“This grant money will go toward the construction of 73 units for the elderly and families in North and South Dakota,” said David Bland, chairman of Travois. “AHP funds, combined with Low Income Housing Tax Credits, are excellent tools to lessen the housing crisis in Indian Country. We are proud to have played a part in this success.”
The Fort Berthold Housing Authority of North Dakota will receive $500,000 for its Hidatsa Homes development, a new construction project consisting of two apartment buildings with a total of 28 units. All 28 units will be set aside for the elderly. Lakeside State Bank of New Town, N.D., was the sponsoring member institution.
The Dakota Nation Housing Development Corporation will receive AHP funds for two of its projects for the Sisseton-Wahpeton Sioux Tribe. Barker Hill Homes, a new construction project on the Lake Traverse Indian Reservation in South Dakota, will receive $358,106 in grant money for 21 single-family detached homes. Dakota Magic Homes, a one-story multifamily apartment building, will receive $350,000 for the construction of 24 units on the North Dakota side of the Lake Traverse Reservation. Wells Fargo Bank, National Association, was the FHLB member institution that sponsored the applications.
The housing authorities will use the extra subsidy to reduce or eliminate the need for tribal funding in their projects.
AHP is a competitive program that provides grants and subsidized loans to support affordable rental housing and homeownership opportunities. Member banks partner with developers or community organizations to finance the purchase, construction or rehabilitation of low-income or moderate-income housing. AHP funds can be used in combination with other programs and funding sources, including the LIHTC program and NAHASDA. To view the full list of award recipients from the Des Moines Round B, click here.
Travois has assisted 14 tribes with 29 successful AHP applications, helping them to receive more than $11.4 million in AHP funding to supplement investor equity from the Low Income Housing Tax Credit program.
About Us
Since 1995, Travois has been the leading housing consulting firm in Indian Country, working with tribal clients to alleviate housing shortages and rehabilitate substandard homes. Travois has helped clients to build or rehabilitate more than 3,000 homes in states stretching from Maine to Washington and has brought in $300 million in investor equity using the Low Income Housing Tax Credit program. Travois also offers asset management and design and inspection services. In addition, Travois New Markets is working to invest $30 million in New Markets Tax Credits in economic development projects in Indian Country.