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EDIC gets updates on two pending projects; one contingent on building permit, another under financial review
Summary
The committee received status updates on a row house project near NDSU that is pending building-permit approval and a proposed 260-unit apartment near NP Avenue and 11th Street that will be reviewed by the committee's financial advisor; the latter uses 4% low-income housing tax credits with rents close to downtown market rates.
The Economic Development Investment Committee received updates on two projects it previously considered: a row house development near North Dakota State University and a proposed 260-unit apartment building near NP Avenue and 11th Street.
Jim Gilmore reported the row house project near NDSU was recommended for approval by EDIC contingent on obtaining a building permit. “They've been in the building permit process for about a month,” he said, and the…
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