Tag Archives: Housing Trust Fund

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.

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.

Housing Finance Agency Awards Development Assistance

EdwintonPlaceBismarck

Rendering of Edwinton Place in Bismarck.

BISMARCK, N.D. – North Dakota’s most vulnerable households will benefit from affordable housing development assistance project awards made by North Dakota Housing Finance Agency (NDHFA).

Seven developers received funding commitments from NDHFA in November. The awards were made through three federal programs – $3.16 million in tax credit authority through the Low Income Housing Tax Credit (LIHTC) program, $2.72 million from the National Housing Trust Fund (HTF) and $460,000 from the Neighborhood Stabilization Program (NSP) – and $2.65 million from the state’s Housing Incentive Fund (HIF).

“The projects that North Dakota Housing Finance Agency selected support the state’s efforts to address behavioral health and criminal justice issues while ensuring North Dakota’s aging and disabled households and lower-wage workers have safe and affordable housing as well,” said Jolene Kline, NDHFA executive director. “By ensuring that our most vulnerable state residents have a safe and affordable place to call home, we reduce the overall burden placed on the communities and our state.”

About the Projects

Edwinton Place in Bismarck, a “Housing First” project spearheaded by Burleigh County Housing Authority, was awarded $813,000 in LIHTCs. NDHFA also made commitments of $1,026,147 from the HTF, $500,000 from HIF and $460,000 from NSP. It will provide permanent supportive housing for 40 individuals coming directly out of homelessness.

EdgeArtistFlats

A rendering of the Edge Artist Flats in Fargo.

The Edge Artist Flats in Fargo, a Commonwealth Development Corp. project, received $740,000 in LIHTCs and $1,369,263 from the HTF. The 42-unit, family-friendly development will provide supportive services to its disabled tenants and to households at risk of homelessness.

HomeField 2 Apartments in Fargo is the second phase of a Beyond Shelter Inc. (BSI) development. NDHFA awarded $504,437 in LIHTCs to support the development of 39 senior apartments including eight accessible units.

Ellendale Apartments, an Affordable Housing Developers Inc. acquisition and rehab project, was awarded $755,000 from HIF to support the redevelopment of a 32-unit property including accessibility improvements that improve the livability of the property for the tenants with disabilities.

Pure Downtown in Grand Forks, a project of Dakota Commercial, received $1.1 million conditional commitment through HIF to reserve 25 of its 50 apartments for low- to moderate-income households.

Dakota Heights in West Fargo, a Southhill Properties LLC project, received $425,100 in LIHTCs. The senior housing project will have a vacancy preference for elderly veterans with Veterans Affairs Supportive Housing vouchers. Six of the 30 units will be reserved as permanent supportive housing for individuals with physical and intellectual disabilities.

Grace Garden in West Fargo, a joint venture of the YWCA of Cass Clay and BSI, received $672,500 in LIHTCs. NDHFA also made a commitment of $325,549 from the HTF and $500,000 from HIF. The supportive housing project will serve 30 households at risk of homelessness, many of whom are transitioning from domestic violence.

About the Programs

“North Dakota Housing Finance Agency received 27 total applications for assistance from 14 projects during our fall 2017 funding rounds. The greatest demand was for support from the LIHTC and the HTF programs, more than twice what the programs could provide,” said Kline.

LIHTC provides an indirect federal subsidy used to finance the construction or rehabilitation of rental housing for lower-income households. The purpose of the HTF is to increase and preserve the supply of housing for extremely low-income households including homeless families. NSP supports the acquisition of foreclosed, abandoned or vacant properties in targeted areas for redevelopment into affordable rental housing. And HIF, the only state-funded program, strengthens communities by supporting the development or preservation of rental housing for essential service workers and low- to moderate-income households.

All of NDHFA’s development programs have allocation plans that are reviewed annually to ensure that the projects that receive financial awards are addressing the state’s greatest housing needs. The application process for each program is competitive with the top scoring projects receiving the awards. Each applicant must provide evidence that there is a need for the type of housing proposed, that the community supports the development, and that construction costs are reasonable. The period of affordability for the projects supported with federal funds is 30 years, HIF’s is 20 years.

About NDHFA

A public financial institution dedicated to making housing affordable for all North Dakotans, NDHFA is overseen by the North Dakota Industrial Commission which consists of Governor Doug Burgum, Attorney General Wayne Stenehjem and Agriculture Commissioner Doug Goehring. More information about the programs administered by NDHFA and the projects awarded development assistance is available online at www.ndhfa.org.

Construction Begins on Permanent Housing for Chronically Homeless Individuals

GRAND FORKS, ND – Grand Forks Homes Inc. broke ground today on LaGrave on First, a project that will provide affordable housing and supportive services for individuals who have experienced chronic homelessness in the community.

Partners

LaGrave on First development partners, Grand Forks Housing Authority and Beyond Shelter, Inc. More images from the event are posted on NDHFA’s Facebook page.

“To end homelessness, the first step is to provide permanent housing,” said Terry Hanson, Grand Forks Housing Authority executive director. LaGrave will employ an approach called ‘Housing First’ that prioritizes the provision of housing, then provides services for residents to address their individual issues.

The project has strong support from the City of Grand Forks, which first identified the community’s need for Permanent Supportive Housing in its 2008 plan to end long-term homelessness. The city donated the land on which LaGrave will be built, and committed $335,000 in HOME program funds to the development.

LaGrave also has the backing of North Dakota Housing Finance Agency. The state agency provided most of the $8.7 million project’s financing by allocating federal Low Income Housing Tax Credits that brought almost $7 million in equity to the project. NDHFA also awarded $772,514 to LaGrave from the National Housing Trust Fund.

Kline
GFHA received $7.7 million from NDHFA to support the development of LaGrave. NDHFA Executive Director Jolene Kline addresses the ground breaking attendees.

“Our mission is to ensure that all North Dakotans have safe and affordable housing,” said Jolene Kline, NDHFA executive director. Kline also serves as the chair of the state’s Interagency Council on Homelessness.

Beyond Shelter Inc., a nonprofit developer based in Fargo, ND, is the housing authority’s development partner in the project. “We are pleased to be able to work with the Grand Forks Housing Authority, offering our expertise to address this housing shortfall in the Grand Forks community,” said BSI CEO Dan Madler. LaGrave is BSI’s sixth PSH project.

Additional financial assistance is provided by the Federal Home Loan Bank of Des Moines, $500,000 from its Affordable Housing Program; a $150,000 grant from the Otto Bremer Trust; and the Turtle Mountain Housing Authority contributed $10,000 in exchange for a preference for its tribal members for five of the housing units.

The four-story building will be constructed in downtown Grand Forks on a site that was a city skate park adjacent to the police department. It will have 42 one-bedroom/one-bath apartments with services provided on-site and 24/7 staffing. Nine of the units will be fully accessible. GFHA will manage the property.

Federal Affordable Housing Development Resources Available

BISMARCK, N.D. – North Dakota Housing Finance Agency is currently accepting applications for two federal affordable housing development programs.

HTFLIHTCAPPS2“Through the Low Income Housing Tax Credit and Housing Trust Fund programs, we are able to help address the housing needs of our state’s lowest income residents, ensuring these vulnerable individuals and families have a safe place to call home,” said Jolene Kline, NDHFA executive director.

LIHTCs provide an incentive for the production or rehabilitation of low-income housing. Developers awarded credits sell them to raise equity capital from investors, reducing the debt required to produce, preserve or rehabilitate a property. The reduced costs make it possible for the developer to rent to households earning 60 percent or less than Area Median Income.

The purpose of the HTF 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. These program dollars 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 program 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 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. 29, 2017.

NDHFA is a public financial institution 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.

Fargo-Moorhead Groundbreaking Celebrates Next Step Toward New Home Opening to 20 Families in 2018

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Jeremiah Program broke ground on its new Fargo-Moorhead campus in early June. The new campus, located at 3104 Fiechtner Drive South in Fargo, will provide safe and affordable housing for 20 determined, low-income families, as well as an on-site early childhood education center, classrooms where the mothers can build confidence and life skills, and spaces where they can meet with coaches to support them in achieving a career-track, college education.

“We have worked hard together to get to this day,” said Diane Solinger, Jeremiah Program Fargo-Moorhead Executive Director. “Many of our community board of trustees and supporters have been with us since the very beginning, even through the peaks and valleys. They have given us unwavering commitment, and together we are building a campus to bring this excitement to life.”

Why is this campus and Jeremiah important to Fargo-Moorhead? Currently, more than 2,300 single mothers are living in poverty in the Fargo-Moorhead area, a number that has increased 16 percent over the last six years. The majority of these mothers have children under the age of four with fewer than half of them enrolled in pre-school.

ChartToday a college degree is needed to move a family out of the poverty level.  Mothers without support systems often drop out of college because they are facing too many more obstacles. Jeremiah gives mothers the support system they need to succeed. The college completion rate for a Jeremiah mother is nearly 70 percent. From a recent survey of alumae from the past five years, women reported an average income of $47,609 and a 77 percent decreased reliance on public assistance.

“This vision was born in Fargo seven years ago. It took a long time to bear this child, but what a child it has born” said Michael J. O’Connell, Jeremiah Program Visionary Founder.

There are many community partners involved in making the campus possible:

  • Catholic Health Initiatives
  • North Dakota Housing Finance Agency
  • Scheels
  • Barry Foundation
  • The Federal Home Loan Bank of Des Moines Affordable Housing Program
  • Otto Bremer Foundation
  • Roers Foundation
  • Margret A. Cargill Foundation

Although the building won’t be ready for several months, the work toward assisting Fargo-Moorhead families began several years ago with initial empowerment and life skills courses. In May, Jeremiah Fargo- Moorhead graduated mothers from its sixth empowerment training, a prerequisite course for the program. The 12-week course focuses on several concepts including effective conflict management, assertive communication and personal accountability. Once completed, Jeremiah mothers participate in a life-skills class, which emphasizes career development, parenting, personal financial management and health/wellness.

Public Hearings Held for Housing Development Programs

BISMARCK, ND – North Dakota Housing Finance Agency will hold Public Hearings for the 2018 Low Income Housing Tax Credit Program Qualified Allocation Plan and the 2017 National Housing Trust Fund Allocation Plan on April 27, 2017.

18QAP&17HTFGraphicThe LIHTC hearing will begin at 10 a.m. and the HTF hearing at 11 a.m. Both 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.

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 10 a.m. on April 27, 2017.

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.