Jeremiah Program Fargo-Moorhead today announced that it has secured the contributions needed to qualify for a $2.2 million financial award from the North Dakota Housing Incentive Fund. The program will support development of a permanent campus for low-income single mothers and their children in Fargo, ND.
Capitalized by contributions from state taxpayers, the Housing Incentive Fund (HIF) supports the development of affordable multifamily housing. Jeremiah’s campus was one of 24 projects to receive a conditional commitment in July from the North Dakota Housing Finance Agency (NDHFA), which administers the HIF program.
The following individuals and businesses generously invested in HIF on Jeremiah’s behalf:
- Bremer Bank
- Corwin Automotive Group
- First International Bank & Trust
- First State Bank of North Dakota
- Kay & Steve Halverson
- Lynn Hoghaug & Laurie Chatham
- Greg & Stella Jeffrey
- Gene & Connie Nicholas
- Northern Improvement
- David & Jolette Olig
- Kevin & June Perrizo
- Rusco Windows
- Serkland Law Firm
- Susan & Marc Shannon
- U.S. Bank Southeast North Dakota Region
- Jeanie & Jeffry Volk
- Jonathan and Amy Warrey
“We are so grateful to our investors,” said Diane Solinger, executive director of Jeremiah in Fargo-Moorhead. “They have demonstrated their belief in our model to transform lives two generations at a time. Their confidence in us has given our campaign a tremendous boost, and we look forward to breaking ground in 2016.”
HIF investments can be targeted to a specific project or community. Contributors with a North Dakota state income tax liability receive a dollar-for-dollar tax credit. To access the financial award, Jeremiah was required to raise $1.89 million.
The Jeremiah campus in Fargo, to be built on land recently donated by Catholic Health Initiatives, will provide safe and affordable housing, an on-site early childhood education center, and individualized support for helping women get into and through career-track college degree programs. The program serves low-income single mothers with children under the age of five. Currently, more than 2,300 single mothers are living in poverty in the Fargo-Moorhead area, a number that has increased 16 percent over the last six years. The majority of these mothers have children under the age of four.
The on-site early childhood center on the new campus will be named for Alerus, which gave the largest HIF contribution—$750,000—on Jeremiah’s behalf. “Alerus is proud to support this program,” says Dan Doeden, market president, Fargo and West Fargo, Alerus. “The young women and children who will be helped through this program could very well become the leaders of our region one day, and we are happy to help provide the boost they need to achieve their goals.”
Jolene Kline, executive director of NDHFA, noted that the HIF was created with this type of public-private partnership in mind. “Affordable housing options provide stable platforms for individuals and families that allow them to better their lives,” says Kline. “The women and families who will be served by Jeremiah Program are important members of the community. We are proud NDHFA is able to assist in making this project a reality and thankful for the support provided by these businesses and families.”
About Jeremiah Program
Jeremiah Program offers one of the nation’s most successful strategies for transforming families from poverty to prosperity two generations at a time. Jeremiah’s proven, holistic approach begins with establishing a supportive community for determined single mothers to complete a career-track college education. Through a combination of quality early childhood education, a safe and affordable place to live, and empowerment and life skills training, their families are stabilized and able to find a path out of poverty.
NDHFA is a self-supporting state agency that finances the creation and rehabilitation of affordable housing across North Dakota. The North Dakota Industrial Commission, consisting of Governor Jack Dalrymple as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees NDHFA.