XTO Donates $5 Million For Affordable Housing For Teachers, Police, In Three Bakken Communities

The Dickinson Press is reporting:

XTO Energy announced Monday a $5 million donation that will help provide affordable housing for teachers, police and other essential personnel in three of the state’s busiest oil communities.  

The oil company’s contribution to North Dakota’s Housing Incentive Fund will support four housing projects in Williston, Watford City and Killdeer. Half of the 287 multi-family units are targeted for low-income residents or employees of cities, counties, medical facilities, school districts or law enforcement.

XTO, a subsidiary of ExxonMobil with more than 100 employees in North Dakota, selected which housing projects would receive the funds.

XTO is now the largest contributor to the Housing Incentive Fund, a program created in the 2011 legislative session that provides low-cost financing to developers of affordable multi-family housing. Individuals and businesses who contribute to the fund receive a dollar-for-dollar state income tax credit.

Some readers are waiting for the FPL, one of the largest renewable energy providers in the state, to make a contribution. 

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