BISMARCK, ND – The North Dakota Housing Finance Agency (NDHFA) is holding an application round for approximately $900,000 in development assistance available through the North Dakota Housing Incentive Fund (HIF).
“Affordable housing development is one of North Dakota’s top priorities,” said Jolene Kline, NDHFA executive director. “The Housing Incentive Fund has proven to be a powerful tool in addressing this need in communities statewide.”
The agency will accept applications for development of affordable multi-family housing for essential service workers in energy-impacted communities and low- to moderate-income households throughout North Dakota. Development assistance, in the form of a loan, is limited to 30 percent of the total project costs. Eligible projects that can start construction in 2014 will receive a scoring preference.
The HIF allocation plan is available online at www.ndhousingincentivefund.org. Applications must be submitted by 5 p.m. CDT on Tuesday, September 30, to Planning and Housing Development Division Director Jennifer Henderson at NDHFA, PO Box 1535, Bismarck, ND, 58502-1535. For more information call (800) 292-8621 or email firstname.lastname@example.org.
HIF was created in 2011 and reauthorized and expanded during the 2013 legislative session. Since its inception, the program has leveraged more than $240 million in construction financing to support the development of 1,500 new rental units in communities across the state.
North Dakota Housing Finance Agency is a self-supporting state agency that finances the creation and rehabilitation of affordable housing. The North Dakota Industrial Commission, consisting of Governor Jack Dalrymple, as chairman, Attorney General Wayne Stenehjem and Agriculture Commissioner Doug Goehring, oversees the agency.