Affordable Housing Development Assistance Available Statewide

BISMARCK, ND – North Dakota Housing Finance Agency is currently accepting applications for development assistance through the state’s Housing Incentive Fund.

Housing Incentive Fund program logo“NDHFA’s mission is to ensure that everyone in the state has access to housing they can afford,” said Jolene Kline, the agency’s executive director. “The Housing Incentive Fund has proven to be a powerful tool in addressing this need in communities statewide.”

HIF supports the development of multifamily housing for essential service workers and low- and moderate-income households. Approximately $9 million is available; $5 million is set aside for communities with populations less than 12,500. Rural community populations will be determined using 2010 U.S. Census data.

HIF program information can be found online at http://www.ndhousingincentivefund.org. To be considered for funding, applications must be submitted by 5 p.m. (CST) on March 31. Contact NDHFA at (800) 292-8621 or hfainfo@nd.gov for more information.

Since HIF’s inception, NDHFA has allocated more than $78.6 million to projects, leveraging over $378 million in construction financing to support the development of more than 2,200 new units statewide.

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

 

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