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Mountain Plains Equity Group, Inc.
Northern Place Apartments – Dickinson, North Dakota
Completed on budget and ahead of schedule, this quality multifamily property consists of 36 new affordable apartments. Northern Place Apartments is located in a residential neighborhood in north-central Dickinson, at 3860 12th Avenue West, in close proximity to essential services that include an elementary school, post office, bank, grocery store and shopping.
Configured in one 3-story design, the building consists of 2- and 3-bedroom units, each with a patio or deck. Two additional garage buildings provide secure parking for 36 vehicles.
Alex Burkhalter of Housing Solutions, is the developer and driving force behind this project’s successful completion, complemented by the swift moving contractor, Howard Construction from Missoula, MT. The financing was arranged in large part through the North Dakota Housing Finance Agency (NDHFA) with an allocation of $632,725 in annual tax credits. Working with MPEG as the syndicator, First Security Bank of Missoula, MT served as both the lender and the tax credit equity investor.
Congratulations to everyone involved in bringing these new homes to deserving families in Dickinson. MPEG is proud to work with this team of professionals.
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