city-of-grafton-city-council-meeting-minutes-june-9-2025_152.pdf
Red River CHDO partnership approved for housing project
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Description
City Council approved financing for construction of two single-family homes and one twin home on City-owned lots in the NStarr development, with total financing between $1.5-$2 million, contingent upon Housing Incentive Fund (HIF) program approval. Partnership with Red River Community Housing Development Organization to develop and sell four new single-family or twin homes contingent on HIF funding with an agreement to split the developer fee of $50,000 per house.
Contract Details
Contract Amount
$1.5-$2 million
Vendor
RED RIVER COMMUNITY HOUSING DEVELOPMENT ORGANIZATION
Agency
Town of Grafton, ND
Contract Type
Housing development
Document Date
June 9, 2025
Contract Term
NA
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