BISMARCK, ND – North Dakota Housing Finance Agency (NDHFA) is currently accepting applications for programs that support affordable rental housing development and provide homeownership and rental assistance for low-income households.
“These programs aim to strengthen communities by addressing a number of housing challenges,” said Dave Flohr, NDHFA executive director. Increasing the availability of homes for low-wage workers, those who are aging or have disabilities, and those experiencing or at risk of experiencing homelessness will not only be a service to those individuals and families but will allow for community growth as well.”
NDHFA is accepting applications for four housing programs: the federally funded HOME Investment Partnerships (HOME), Low Income Housing Tax Credit (LIHTC), and the National Housing Trust Fund (HTF), and the state-funded Housing Incentive Fund (HIF).
In North Dakota, HOME supports housing production and funds homeownership and rental assistance programs with approximately $2.6 million available.
LIHTC encourages private sector investment in affordable housing through tax incentives. Property owners receive the credits for up to 10 years based on their capital investment and a project’s level of commitment to low-income tenancy. Credits of approximately $3.1 million are available.
The HTF’s purpose is to increase and preserve the supply of housing for extremely low-income households, including individuals and families experiencing homelessness, and has approximately $2.8 million available.
HIF provides support in developing multifamily units for low- to moderate-wage workers, the state’s aging population, individuals with disabilities, and persons at-risk of homelessness. During the most recent legislative session, NDHFA received $12.5 million for project financing.
The application process for the programs is competitive with the top-scoring projects awarded conditional commitments from NDHFA. Applicants must provide evidence that there is a need for the proposed project or program, and that the costs are reasonable. The application deadline is 5 p.m., CDT on Sept. 30, 2023.
More information about the programs and application process is available online or by contacting the agency’s Planning and Housing Division at (800) 292-8621, (701) 328-8080, 711 (TTY) or hfainfo@nd.gov.
NDHFA is a self-supporting and mission-driven state agency dedicated to making housing affordable for all North Dakotans. The North Dakota Industrial Commission, consisting of Gov. Doug Burgum, as the chairman, Agriculture Commissioner Doug Goehring and Attorney General Drew H. Wrigley, oversees the agency.
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