Property Redevelopment Assistance Available in Targeted Areas

BISMARCK, ND – North Dakota Housing Finance Agency is accepting applications for $460,000 through the Neighborhood Stabilization Program 3. The federal program supports the acquisition of foreclosed, abandoned or vacant properties in targeted areas for redevelopment into affordable rental housing.

“Preference will be given to applications that create housing for extremely low-income households,” said Jolene Kline, NDHFA executive director.

NDHFA recently updated its NSP3 Action Plan to be more reflective of the state’s needs. The new target areas are in the communities of Bismarck, Dickinson, Fargo, Minot, West Fargo and Williston. To be eligible for the available funds, a property must be located within a census tract with a needs score of seven or greater. A mapping tool on the U.S. Department of Housing and Urban Development’s website, www.huduser.org/NSP/NSP3.html, is used to determine a property’s score.

Applications must be received by 5 p.m. (CDT) on Oct. 27, 2017. More information is available online, http://www.ndhfa.org, or by contacting NDHFA’s planning and housing development division at (800) 292-8621 or hfainfo@nd.gov.

NDHFA is a self-supporting state agency that finances the creation and rehabilitation of affordable housing across 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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s