NDHFA, NDSU Release Housing Needs Assessment

(Fargo, ND) -- A new study shows that incomes are going up in North Dakota, along with housing costs, and that translates to more people at risk for homelessness in the state.

The North Dakota Housing Finance Agency and North Dakota State University released its Housing Needs Assessment this week. The assessment shows a growth in incomes, but no real change in the state's poverty rate.

NDHFA officials say people with extremely low incomes are at risk for homelessness. The researchers found the cost to build and buy homes has been significantly affected by inflation.

The assessment projects a one-point-three percent increase in the state's population by 2025, indicating a need for an additional nine-thousand housing units.