Tag Archives: affordable housing

Homeownership Program Eligibility Limits Increased

NDHFA-LogoBISMARCK, ND – The North Dakota Industrial Commission has approved an increase in the eligibility limits for state programs that assist with home purchases. Administered by North Dakota Housing Finance Agency (NDHFA), the programs help North Dakotans, typically first-time buyers, buy a home by providing low-cost financing, and down payment and closing cost assistance.

“With these increases we hope that more North Dakotans will be able to purchase a home,” said commission members in a joint statement. “The North Dakota Housing Finance Agency has already helped 42,000 individuals and families become homeowners by providing more than $3 billion in financing since 1982.” The Industrial Commission, consisting of Gov. Doug Burgum as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees NDHFA.

The maximum income limits for NDHFA’s FirstHome™ and HomeAccess programs were set at $83,900 to $98,900, and North Dakota Roots was set at $117,460 to $138,460. The limits vary depending on household size and the county in which a financed home is located.

The FirstHome and HomeAccess acquisition cost limits were set at $271,164 to $303,882 for a single-family home. Higher limits were approved for existing two- to four-unit properties. These limits also vary based on the county in which a property is located. North Dakota Roots program users must comply with limits set by their loan insurer or guarantor.

“During the first quarter of 2018 North Dakota Housing Finance Agency’s FirstHome program saw a 47 percent increase in program activity over the same period in 2017,” said Jolene Kline, NDHFA executive director. “If the trend continues, 2018 will be busy for our Homeownership Division.”

In 2017, NDHFA assisted 1,076 first-time homebuyers through its FirstHome program. The average borrower’s household income was $57,573 and the average loan amount was $162,643.

The income and acquisition cost limits for NDHFA’s programs are regulated by the U.S. Department of Housing and Urban Development and the Internal Revenue Service respectively. The updated limits are effective for loan reservations dated on or after May 1, 2018.

Through HomeAccess, special needs households who may have previously owned a home may receive the same purchase assistance as first-time buyers. NDHFA’s North Dakota Roots program provides purchase assistance to moderate-income buyers who may have previously owned a home and first-time buyers whose income exceeds the FirstHome program limits.

Private-sector lenders originate the mortgage loans on NDHFA’s behalf and sell them to the agency when the loans are closed. Parties interested in learning more about the programs will find information online at http://www.ndhfa.org.

NDHFA is a self-supporting state agency dedicated to making housing affordable for all North Dakotans.

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.

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.

Spring Lender Training Planned

In March, mortgage lenders have an opportunity to learn how North Dakota Housing Finance Agency helps first-time buyers, special needs families and other households who may have previously owned property to purchase a home.

“The training includes an introduction to FirstHome™, an agency program that assists more than a 1,000 North Dakotans annually in buying for the first time,” said NDHFA Homeownership Division Director Dave Flohr. “We will also discuss the assistance available to single parents, households with elderly or disabled family members, honorably discharged veterans, and households whose income exceeds our standard program limits.”

The first training of the spring will be held March 20 at the Expressway Suites, 4303 17th Ave S, Fargo. The registration deadline is March 16 and class size is limited to 30.

A second training will be held March 22 at the Quality Inn, 1030 E Interstate Ave, Bismarck. The registration deadline for the Bismarck course is March 19.

Training is open to new and pending participating lender staff, and current participating lender staff who are interested in a refresher. Both sessions begin at 9:00 a.m., CT, and will run to approximately 1:00 p.m. There are no registration fees, however pre-registration is required.

If needed, sleeping rooms, $83.70 for a single, are available at the Quality Inn, (701) 223-1911, or Expressway Inn, (701) 239-4303. Ask for the “ND Housing” block to receive the discounted rate.

Questions regarding NDHFA’s homeownership programs or the lender training can be directed to Flohr, (800) 292-8621 or 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. More information about the agency is available online at www.ndhfa.org.

Housing Finance Agency Board Members Appointed

BISMARCK, ND – The North Dakota Industrial Commission made three new appointments to North Dakota Housing Finance Agency’s citizen advisory board in December.

Kevin Hanson and Larry Nygard, both of Fargo, were appointed to three-year terms, and Joan Mainwaring of Williston was appointed to a two-year term. Hanson is the chief operating officer – director of lending at Gate City Bank, Nygard is vice president of the Roers Companies, and Joan Mainwaring is the residential real estate department manager at American State Bank and Trust Co.

“We are pleased to welcome Kevin, Larry and Joan to our board and look forward to receiving their input on affordable housing matters managed by the agency,” said Jolene Kline, NDHFA executive director.

The commission reappointed three of the boards’ existing members as well. Lisa Rotvold of Hillsboro to a two-year term, and Jim Farnsworth of Bismarck and Ninetta Wandler of Dickinson to one-year terms. Wandler is a real estate broker associate at Re/Max Integrity Realty and Rotvold is a developer with Beyond Shelter Inc.; they have served on the board since 2004. Farnsworth is the owner of Colonial Estates; he has served on the board since 2011.

The Commission also appointed Wandler as the board’s chairwoman and Rotvold was appointed as vice chairwoman. Both are one-year terms.

Made up of representatives of the mortgage lending, residential real estate, and mobile home and manufactured housing industries, along with homeowners and buyers representatives, the board advises the Industrial Commission on the state agency’s business activities.

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. More information about NDHFA and the programs it administers is available online at www.ndhfa.org.