JAMESTOWN, N.D. (NewsDakota.com) – The Eagle Flats project in Jamestown has received a grant through the North Dakota Housing Finance Agency (NDHFA).

The project, which would build housing for low and moderate income people, would locate at the site of the former Eagles Club building. The project calls for the demolition of the former Eagles Club building and construction of a four-story apartment building with 33 units at an estimated cost of $8.688 million.

NDHFA allocated around $3.8 million in federal tax credit authority through the Low Income Housing Tax Credit (LIHTC) program.

“The funding commitments made by North Dakota Housing Finance Agency support the development of projects in communities large and small that will provide safe and affordable housing for our state’s most vulnerable households,” said members of the Commission in a joint statement.

Commonwealth Development Corporation was awarded $720,000 in credit authority through LIHTC to support the development of Eagle Flats in Jamestown, ND. The project will create 33 new homes for families including seven supportive housing units that will be reserved for households at risk of homelessness.

The Industrial Commission, consisting of Gov. Doug Burgum as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees NDHFA.

In October, the Jamestown Council approved a Payment in Lieu of Taxes for 15 years on the project.