BISMARCK, ND – North Dakota Housing Finance Agency (NDHFA) is now accepting applications for programs that support the development of affordable rental housing and offer homeownership and rental assistance to low-income households.
“The goal is to strengthen communities by addressing diverse housing challenges,” stated Dave Flohr, NDHFA executive director. “By expanding access to affordable housing for low-wage workers, the aging population, individuals with disabilities, and those facing or at risk of homelessness, we support vulnerable populations and foster community growth and resilience.”
NDHFA is accepting applications for four housing programs:
The federally funded HOME Investment Partnerships Program (HOME) addresses critical housing needs by supporting housing production and funding homeownership and rental assistance programs for low-income households with approximately $2 million available.
Low Income Housing Tax Credit (LIHTC) program incentivizes the production or rehabilitation of affordable rental housing by offering federal income tax credits to property owners for up to 10 years, based on their capital investment and level of commitment to low-income tenancy. Credits of approximately $3.1 million are available.
The National Housing Trust Fund (HTF) supports the development and preservation of affordable rental housing for extremely low-income households, including those experiencing homelessness and has approximately $2.7 million available.
The state-funded Housing Incentive Fund (HIF) supports the development of affordable multifamily housing for various demographic groups, including low- to moderate-wage workers, the aging population, individuals with disabilities, and those at risk of homelessness. Approximately $4.9 million is available for project financing.
The application process for these programs is competitive, with conditional commitments from NDHFA awarded to top-scoring projects. Applicants must demonstrate the need for their proposed project or program and ensure the costs are reasonable. The deadline for submissions is 5 p.m. CDT on September 30, 2024.
More information about the programs and application process is available on NDHFA’s website 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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