MC JDA approves first applications for HBCLP
The McKenzie County Job Development Authority (JDA) approved the first applications for the Home Builder Construction Loan Program which will provide participation funding for four single-family homes in Watford City. The JDA Home Builder Construction Loan Program is a $4.5 million revolving loan program that was approved in June 2023 and incentivizes builders to build 2-6 houses at a reduced construction loan interest rate. To learn more about this program, click here.