The Internal Revenue Code requires that NDHFA, as an issuer of tax-exempt mortgage revenue bonds, set aside a portion of the proceeds of a bond issue for up to one year for reduced interest rate mortgage loans in Targeted Areas of North Dakota.
To determine if a home is in a Targeted Area, search by the address. Type in the address of the property, click on the go button, and the corresponding census tract will appear in the information listed. To qualify, the Census Tract number must match one of the tract numbers identified below.
Benson Census Tract 9401
McKenzie Census Tract 9401
Rolette Census Tract 9418
Sioux Census Tract 9409