Updates
November 7, 2015: I did not remember this until now. In the story below, it is reported that Tesoro made a record-setting donation for affordable housing in North Dakota -- $5.3 million. It would have been an opportunity for the writer to note that XTO also donated an almost identical amount back in July, 2015: $5 million.
Original Post
State officials gathered at the Capitol Friday to unveil the largest multimillion dollar contribution in the history of a state program to aid in the construction of affordable housing projects.
Gov. Jack Dalrymple and North Dakota Housing Finance Agency Executive Director Jolene Kline unveiled a $5.3 million contribution from Tesoro Corp. in Memorial Hall.
“This is a problem we knew needed to be solved,” said Dalrymple, of a lack of affordable housing. “This program has solved that problem.”
As of Friday, $21.5 million of the $30 million in private contributions authorized for the 2015-17 biennium have been gathered, which will lead to the construction of several large housing projects across the state, according to Dalrymple. Another $5 million was authorized by legislation from the Bank of North Dakota.
An additional $5 million from the Bank of North Dakota would be authorized if the bank’s 2015 profits exceed $130 million.
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The Williston Wire
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