Assistance Available for Affordable Housing Development

BISMARCK, N.D. – North Dakota Housing Finance Agency (NDHFA) is accepting applications for affordable multifamily housing development assistance through the Low Income Housing Tax Credit (LIHTC) and National Housing Trust Fund (HTF) programs.

“The Low Income Housing Tax Credit and Housing Trust Fund programs support the development of housing for the most vulnerable members of our communities, ensuring these individuals and families have a safe, decent and affordable place to call home,” said Jolene Kline, NDHFA executive director. The agency administers the federal programs on the state’s behalf.

Developers awarded LIHTCs sell the credits to raise capital from investors, reducing the debt required to build, preserve or rehabilitate a property. The equity provided makes it possible to rent the housing units to households earning 60 percent or less than Area Median Income (AMI).

The intent of the HTF program is to increase and preserve the supply of housing for extremely low-income households, those earning less than 30 percent of AMI, including homeless families. The assistance provided can be used for the production, preservation, rehabilitation and operation of a property. HTF financial awards are structured as forgivable zero-interest loans.

Eligible recipients of these development resources include units of local, state and tribal government; local and tribal housing authorities; community action agencies; regional planning councils; nonprofit organizations; and for-profit developers.

The LIHTC and HTF program plans and applications are available online at www.ndhfa.org or by contacting NDHFA at (800) 292-8621. The deadline for submission is Sept. 28, 2018.

NDHFA is a self-supporting state agency dedicated to making housing affordable for all North Dakotans. The North Dakota Industrial Commission, consisting of Governor Doug Burgum as chairman, Attorney General Wayne Stenehjem and Agriculture Commissioner Doug Goehring, oversees the agency.

Grants Support Safe Housing for Lower-Income Households

BISMARCK, ND – The North Dakota Industrial Commission voted today to allocate $200,000 through Helping Housing Across North Dakota (Helping HAND), a state program that aids organizations that provide home construction and rehab assistance to lower-income North Dakotans. The program is administered by North Dakota Housing Finance Agency (NDHFA).

“The grants provided through Helping HAND program typically support weatherization and rehabilitation programs ensuring North Dakotans of modest means have a safe and comfortable place to call home,” said commission members in a joint statement. The Industrial Commission, consisting of Gov. Doug Burgum as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees NDHFA.

The 2018 funds will be distributed as follows:

  • Southeastern ND Community Action Agency, Fargo, $56,700.
  • Red River Valley Community Action, Grand Forks, $30,595.
  • Community Action Partnership, Minot, $24,389.
  • Community Action Partnership, Dickinson/Williston, $19,851.
  • Dakota Prairie Community Action Agency, Devils Lake, $21,924.
  • Community Action Region VI, Jamestown, $15,442.
  • Trenton Indian Service Area, Trenton, $7,333.
  • Turtle Mountain Band of Chippewa, Belcourt, $7,333.
  • Spirit Lake Tribal Housing, Fort Totten, $7,333.
  • Lake Agassiz Habitat for Humanity, Fargo, $4,000.
  • Red River Valley Habitat for Humanity, Grand Forks, $3,500.
  • Rebuilding Together, Fargo, $800.
  • Rebuilding Together, Mandan, $800.

Grant recipients must provide a local match of 25 percent to access the program dollars.

“Through Helping HAND, North Dakota Housing Finance Agency has allocated over $5 million of agency earnings to non-profit organizations assisting more than 5,000 lower-income households statewide,” said Jolene Kline, the agency’s executive director.

NDHFA is a self-supporting state agency dedicated to making housing affordable for all North Dakotans. More information on the agency and the affordable housing programs it administers is available online at www.ndhfa.org.

From the Director, February 2018

Jolene Kline, NDHFA executive director

Since the last annual Statewide Housing Conference, our staff has reflected on the value we provide to all of you during the time we have together. Through numerous conversations and feedback from attendees, we are shaking up the agenda and locations to create a format that is specific to your career training and professional development needs. We genuinely hope these changes will make your conference experience more rewarding and that your colleagues who may have not attended before will find a reason to this year.

The first day of the conference will focus on North Dakota’s housing market trends and strategies communities can leverage to address housing needs. Gov. Doug Burgum is the featured speaker and will outline housing’s role within the Main Street Initiative to influence quality of life when building stronger, reinvigorated communities. Following the governor is Elliot Eisenberg, Ph.D. who knows how to liven up an economic discussion of industry trends pertaining to housing, employment, state, regional and global economics. The afternoon includes three more dynamic breakout sessions that will give housing industry professionals new tools to look at the crucial role housing plays in communities of all sizes. This will be followed by our ever-popular networking social.

Day two is designed for three customized training and professional development tracks for multifamily development, property management and homeownership professionals. Attendees will interact with industry experts providing relevant information. But don’t forget about the Champion Awards Presentation and luncheon! Awardees will be recognized for their outstanding contributions over the past year.

Real estate agents, appraisers and lenders who are unable to attend the Bismarck event will have a second chance to connect with our homeownership staff in Fargo. A seminar on day three offers a repeat of a breakout session on the continuing effects of federal legislation and regulations enacted over the last decade on the sale, appraisal and mortgaging of real property.

You can choose to attend one or both days in Bismarck or meet us in Fargo, but I encourage you to hurry to register because the early bird deadline is Friday, April 13, and after that date the prices will increase. Register online at www.ndhfa.org. If you have questions or need additional information, please contact us at hfainfo@nd.gov or call (800) 292-8621.

I also want to thank all of our sponsors, vendors, panelists and speakers for helping to make this another great conference. I am excited to see all of you and I sincerely hope you will be able to join us on April 25-26 in Bismarck or Fargo on April 27.

 

 

Resilient Homebuyer Program

Resilient Homebuyer ProgramMinot households whose homes were damaged by the 2011 Souris River Flood or whose homes are being bought out for flood protection may be eligible for a new homeownership incentive.

North Dakota Housing Finance Agency has partnered with the City of Minot, through the National Disaster Resilience Program, to offer affordable home loans and up to $60,000 in purchase assistance to impacted households.

The Resilient Homebuyer Program can be used to buy either an existing home or a newly constructed home within city limits that is outside the 100-year floodplain and within a resilient neighborhood.

Mortgage loan applications are made through NDHFA participating lenders who have the ability to prequalify borrowers and estimate the maximum incentive amount available to a household. The buyers’ household income cannot exceed program limits, $44,050 to $83,050, and the purchase price of the home must be $253,809 or less to qualify. A real estate agent can be enlisted to find a program-eligible property.

To learn more or determine eligibility, buyers need to contact CDM Smith, manager of the City of Minot’s disaster recovery office, (701) 837-5813.

Lenders can find additional information about the program online in NDHFA’s Participating Lender Dashboard under Selling Guide and Loan Forms.

NDHFA is a self-supporting state agency dedicated to making housing affordable for all North Dakotans. The Industrial Commission of North Dakota, consisting of Governor Doug Burgum as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees the agency.

Ver Helst Joins Housing Finance Agency

KaylaVerHelstBISMARCK – Kayla Ver Helst has joined the North Dakota Housing Finance Agency as director of public affairs.

“I am pleased to welcome Kayla to our management team. I believe she will be a great advocate for our work in communicating North Dakota’s affordable housing needs,” said Jolene Kline, NDHFA executive director.

Ver Helst will oversee the agency’s communications, marketing and public affairs program including strategies for positioning the agency in the housing industry and accomplishing federal and state policy goals.

“I look forward to working with the state’s elected officials, community leaders and the agency’s housing partners to ensure all North Dakotans have a safe and affordable place to call home,” Ver Helst said.

Prior to coming to the NDHFA, Ver Helst worked in business operations at the North Dakota Department of Transportation. She replaces Max Wetz, who resigned his position to return to his home state of South Dakota.

NDHFA is a public financial institution dedicated to making housing affordable for all North Dakotans. The Industrial Commission of North Dakota, consisting of Governor Doug Burgum, as the chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees the state agency.

Hearings Scheduled for Multifamily Housing Development Programs

19LIHTCn18HTFhearingsBISMARCK, ND – North Dakota Housing Finance Agency (NDHFA) will hold Public Hearings for the 2019 Low Income Housing Tax Credit (LIHTC) Program Qualified Allocation Plan and the 2018 National Housing Trust Fund (HTF) Allocation Plan on March 29, 2018.

The LIHTC hearing will begin at 10 a.m. and the HTF hearing at 11 a.m., both CT. The hearings will be held in the Board Room at NDHFA’s office, 2624 Vermont Ave., Bismarck, ND.

The LIHTC program provides incentives for the production and rehabilitation of affordable rental housing. The HTF program supports the development and preservation of affordable rental housing for extremely low-income households, including homeless individuals and families. The proposed plans are available online at www.ndhfa.org.

The general public may submit either written or oral comments at the hearings. Persons who are unable to attend the hearings may submit written comments to hfainfo@nd.gov or NDHFA, PO Box 1535, Bismarck, ND 58502-1535, by 5:00 p.m. on March 28, 2018.

Persons needing accommodation or assistance to attend the hearing should call (800) 292-8621 or (800) 366-6888 (TTY), or email hfainfo@nd.gov.

NDHFA is a self-supporting state agency dedicated to making housing affordable for all North Dakotans. The Industrial Commission of North Dakota, consisting of Governor Doug Burgum as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees the agency.

Housing Policy and Professional Development Are Event Focus

BISMARCK, ND – Housing North Dakota will bring housing-industry representatives and community leaders together for policy discussions and professional development.

Hosted annually by North Dakota Housing Finance Agency, the Statewide Housing Conference is April 25-26, 2018, at the Ramkota Hotel in Bismarck, ND.

“To adequately and successfully address North Dakota’s housing needs, it’s essential to have an understanding of current policies and available resources,” said Jolene Kline, NDHFA executive director. “Conference attendees hear from recognized experts, develop new skills, learn about available resources and make real face-to-face connections.”

April 25th presentations focus on housing policy including Gov. Doug Burgum discussing housing’s role within the Main Street Initiative and an Economic Forecast from Elliot Eisenberg, Ph.D., a nationally acclaimed economist. Other presentations are Livable Communities, attracting and retaining investment, people and opportunity; Opportunity360, a comprehensive approach to understanding and addressing community challenges; and Housing and Health, a discussion of why housing should be a care consideration followed by best practices.

Concurrent sessions on April 26th offer professional development opportunities for lending and real estate professionals, multifamily developers, and property owners and managers.

NDHFA will present its Champion of Affordable Housing Awards on the second day of the event as well. The awards recognize and honor exceptional affordable housing contributions made in North Dakota.

Continuing education applications have been submitted to the ND Real Estate Commission, ND Real Estate Appraiser Qualifications and Ethics Board, and the ND Board of Social Work Examiners. Credit will be offered upon the approval of the program by these licensing organizations. Conference attendance can also be submitted for the National Development Council’s Housing Development Finance Professional and the National Association of Homebuilders’ Housing Credit Certified Professional recertifications.

Register online at www.ndhfa.org by Apr. 13, 2018, to receive the lowest rates. The fee for both the Policy Day and Training Day is $160; Policy Day or Training Day is $85; and the Champion Awards Lunch only is $17.50.

A self-supporting state agency, NDHFA finances the creation and rehabilitation of affordable housing in North Dakota. The Industrial Commission of North Dakota, consisting of Governor Doug Burgum, as chairman, Attorney General Wayne Stenehjem and Agriculture Commissioner Doug Goehring, oversees the agency.