NDHFA supports the development of new single- and multi-family housing units statewide by providing technical assistance, grants and low-cost financing. The agency also offers affordable financing for land development and it can guarantee construction loans in rural areas.
NDHFA encourages a development strategy that takes into consideration the housing needs of all members of a community including those of modest means, the elderly and households with special needs.
Parties seeking development assistance from NDHFA should:
• Provide evidence of the need for the proposed housing and community support.
• Review financial feasibility - a project should cash flow with appropriate rent restrictions and estimated expenses.
• Consider the development costs and what other funding sources are available as NDHFA's support is limited to what is needed to make a project viable.