MRO Continues To Contribute To North Dakota's Housing Fund; Now Up To $3.5 Million

The press release as posted at The Bismarck Tribune:

Houston-based Marathon Oil Corp. has contributed $500,000 to a North Dakota fund aimed at building affordable housing, primarily in the state's booming oil patch.

The North Dakota Housing Finance Agency's low-income housing development program gives individual and business donors a dollar-for-dollar tax credit, and they can designate their contributions for specific projects. The Legislature this year approved general fund spending of $20 million and $15.4 million in state income tax credits to subsidize construction of low-income dwellings.

Officials say the program's goal is to build at least 1,000 low-income units in North Dakota over the next two years.

Marathon's contribution this week brings to $3.5 million the amount the company has given to the fund since 2011.