Building Hope With Affordable Housing in Fargo-Moorhead

The Fargo-Moorhead area has experienced rapid population growth, which has led to increased housing demand and an affordable housing shortage. This has resulted in community leaders recognizing a need for the CCCLT.

Launched by the FM Area Foundation in 2020, the trust leverages public and private funds through strategic community partnerships that help by ultimately providing sustainable and affordable housing.

“Everyone deserves a place to call home,” says Kevin Hanson, Gate City Bank President & CEO. “This nonprofit partnership has been truly amazing, opening the door to long-term affordable housing solutions for families who need them most, all while creating a better way of life in our communities.”

Knowing many hardworking people aren’t making enough money to qualify for purchasing a median-priced home, we gladly became a partner in the initiative, pledging a total of $50,000 over five years. We see this as an opportunity to create a better way of life by providing a viable, sustainable and long-term housing solution.

Jalyssa Sorenson, Vice President of Mortgage Operations, serves on the trust’s board of directors. She’s beyond excited to help program participants achieve the homeownership they’ve worked so hard for.

“I have seen so many people struggle to navigate the complexities of achieving homeownership in today’s housing market,” Sorenson says. “This is such a great way to help keep homes affordable.”

An Ambitious Goal for the Future.

Organizers behind the CCCLT ensure each twin home features three bedrooms, two and a half bathrooms and a slab-on-grade. To qualify, eligible homeowners must be at least 18 years old, U.S. citizens and be at or below the 80% area median income (AMI) for their household. They can start by filling out the CCCLT application.