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Development

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.