Affordable Housing a Key Consideration

When making decisions about the future, having access to affordable housing is a key consideration for everyone from community and business leaders to workers and consumers.

HIF Invest in Your Community“Without affordable housing, it is challenging for businesses to recruit and retain employees,” says Jolene Kline, North Dakota Housing Finance Agency executive director. “And, seniors and disabled individuals need safe, suitable options to be able to remain in a community.”

Through the support of state taxpayers, NDHFA’s Housing Incentive Fund has proven to be an excellent resource in addressing the state’s most critical housing needs. The program provides low-cost financing to developers of affordable housing.

“Since HIF’s inception, we have allocated over $89.6 million to 78 projects,” said Kline. “These dollars have leveraged more than $425 million in construction financing to support the development of 2,450 new housing units statewide.”

NDHFA is currently focused on fully capitalizing the program so it can honor commitments made to projects in Bismarck, Bowman, Devils Lake, Dickinson, Fargo, Gwinner, Minot, Valley City and Williston. The agency has until Dec. 31, 2016, to raise the $3 million needed.

HIF contributors receive a dollar-for-dollar state income tax credit and can target contributions to a specific project or community. Learn more online at www.ndhousingincentivefund.org or by contacting NDHFA at (800) 292-8621 or hfainfo@nd.gov.

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