The Housing Incentive Fund (HIF) is a state-funded gap financing program used with federal and private dollars to create affordable multifamily housing in urban and rural communities. The North Dakota Housing Finance Agency (NDHFA) administers the program on behalf of the state of North Dakota. Leveraged as an upfront, one-time investment, HIF ensures rental homes in the supported projects will be affordable for a minimum of 15 years.
The North Dakota Legislative Assembly created HIF in 2011 to address workforce housing needs in western North Dakota. The program has evolved over the past decade into a flexible funding resource to construct and rehabilitate multifamily housing in communities across the state. Funding is dependent upon legislative approval.
Currently, no HIF funding is available.