Construction Loan Guarantees

Rural communities often have difficulty attracting developers, and lenders can be reluctant to assume the risk of providing construction lending, particularly if it is speculative. The North Dakota Housing Finance Agency’s (NHDFA) Construction Loan Guarantee program mitigates the risk for both parties.  The program provides loan guarantees to lenders on construction loan for affordable single family housing in rural communities.  (Ineligible areas include communities with more than 5,000 population and areas within 10 miles of such communities.)

There must be a demonstrated need for additional affordable housing in a community, and the local governing body must support the construction. NDHFA will accept a maximum of three active guarantees at one time from a contractor, and up to five guarantees active in one community.

Program Information

For more information on the Construction Loan Guarantees, contact the Planning and Housing Development Division Director at (701) 328-8080 or (800) 292-8621.

North Dakota Housing Finance Agency

2624 Vermont Avenue,  PO Box 1535,  Bismarck, ND 58502-1535

Bismarck Main Office -- (701) 328-8080 | Nation Wide Toll Free (800) 292-8621 | Fax (701) 328-8090 | TTY (800) 366-6888

Fargo Field Office -- (701) 239-7255 | ND Toll Free (877) 239-3200 | Fax (701) 239-7257 | TTY(800) 366-6888

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