February 12, 2014

HCD hears proposal on affordable senior housing

By Chris Erickson

Last week members of Hazen Community Development heard a detailed proposal on an affordable senior housing unit after its annual meeting.
Joe Armstrong, of Multifamily Capital Resources, presented plans once again after previously speaking with the Hazen City Commission on the potential project.
Armstrong began his presentation by giving a brief background on his experience in the housing market, which started with him working as an apartment manager before moving on to working with U.S. Department of Housing and Urban Development and then entering the private sector again.
Armstrong, originally from Massachusetts, said after hearing about the housing crunch in North Dakota he began to research it extensively. He said in coming to Hazen he hoped to bring with affordable housing units - most of which would be dedicated to senior housing.
“These are designed to be affordable to those who are paying 30 percent of their income when

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