Tag Archives: Low Income Housing Tax Credit

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.

From the Director, December 2017

Jolene Kline, NDHFA executive director

As 2017 winds down and we look back at all that’s happened this year, I am more and more grateful to each of you for your continued partnership and support of North Dakota Housing Finance Agency and the housing industry in general.

In Washington, tax reform is still in ongoing negotiations and we don’t know for certain the total affect it will have on housing. One issue that is of grave concern to us is Private Activity Bonds, which the House eliminated but the Senate retained. We utilize the state’s Private Activity Bond authority to issue tax-exempt Mortgage Revenue Bonds to fund our homeownership programs. Without MRBs, we would not have the ability to offer competitive interest rates to first-time and other low-to-moderate income homebuyers.

Losing that program would be devastating for the people who need it most. This year, we have seen a continued upswing in homeownership activity. As more homes are on the market and the fevered competition that sprang from the oil boom of the past decade has cooled, first-time and lower-income homebuyers are better able to enter the market. We need to keep our main source of funding in place so that affordable homeownership will continue to be achievable.

Tax reform will also likely have a major impact on the multifamily development side as well. Lower corporate tax rates are expected to cause an approximately 10 to 15 percent drop in the value of Low Income Housing Tax Credits. That means that more credits will be needed per project to make them feasible and affordable. Receiving the small state minimum amount of tax credits, North Dakota Housing Finance Agency is able to fund about four or five projects each year. The unintended consequence of the tax cuts being debated in Congress will be a reduction in affordable housing for low-income individuals and families.

During the legislative session at the beginning of 2017, the Housing Incentive Fund came out with both a win and a loss. The program was made a permanent part of Century Code so we will no longer need to go back to the legislature every two years for renewal. That was a big win, but the loss came from the fact that no additional funding was authorized for the program. Due to some turn backs of previous awards, NDHFA was able to reallocate those funds this fall, but going forward we will not see the activity under that program that we have since 2011 when it was first created.

In 2017, NDHFA rolled out a program to assist community land trusts in North Dakota to have the capacity to do their work. The pilot allows CLTs access to a line of credit for acquisition/rehab or new construction of homes in their program. The Grand Forks CLT was the first to put the funding to use.

NDHFA is working out the details with the City of Minot to assist flood buy-out homeowners and those affected by the 2011 flood in buying a new home there. We look forward to having the program up and running very soon.

While these are just a few of the myriad of things that happened in housing this year, I certainly want to express my deep gratitude to those we work with every day. It is that day-to-day work that makes a difference in lives of North Dakota families. It is that work that gives people a warm place to sleep at night and a dining room table to gather around with family and friends.

I wish you the brightest blessings this holiday season and hope for another wonderful year full of partnership and progress in 2018. Thank you and happy holidays!


Housing Finance Agency Awards Development Assistance


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.


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.


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.


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.

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.

Nonprofit Celebrates 1,000th Affordable Housing Unit

FARGO, ND – A grand opening at HomeField Apartments, a new senior complex in south Fargo, provided an opportunity on Tuesday to not only celebrate the successful completion of a project, it was also an opportunity to reflect on the accomplishments of Beyond Shelter Inc., a nonprofit developer that has taken on some of North Dakota’s greatest housing challenges.


FMWF Chamber congratulates Beyond Shelter on the successful completion of HomeField Apartments.

The Fargo Housing and Redevelopment Authority started BSI in 1999, providing it with a $5,000 operating loan and the support of its staff.  Since that time, BSI has grown into a fully independent 501(c)(3) nonprofit organization with a staff of eight. With the opening of HomeField Apartments and a ground breaking on the LaGrave on First project in Grand Forks in September, BSI will have surpassed a milestone 1,000 units of affordable housing developed.

While BSI strives to address the housing needs of all lower income individuals and families, the nonprofit has developed several noteworthy projects across the state. Included are six permanent supportive housing projects for those who have experienced long-term homelessness, and nine projects targeted to lower-wage workers and law enforcement personnel in energy-impacted communities during the height of the energy boom in Western North Dakota.

“Beyond Shelter Inc. was created to dig deeper and develop housing targeted to the lowest income households, the people whose needs are overlooked,” Bev Rohde, a former FHRA board member and a still-serving original BSI board member said of the nonprofit’s formation. “We are excited to celebrate this 1,000 plus unit milestone, but there is more work to do in Fargo and around the state as affordable housing continues to be out of reach for many individuals and families.”

In recent years, BSI has focused its attention on North Dakota’s fastest growing population, elderly households with limited resources. HomeField is the fourth senior project the organization has developed in Fargo in four years. The total cost of developing the 39-unit property was $6.87 million. If funding can be secured, two more buildings will be added at the site over the next two years.

“I am thankful every day that organizations like Beyond Shelter exist, ensuring the most vulnerable members of our communities have a safe place to call home,” said Jolene Kline, North Dakota Housing Finance Agency executive director. The state agency finances many of BSI’s North Dakota projects. It awarded $589,153 in federal Low Income Housing Tax Credits to HomeField, which through syndication by Wells Fargo Affordable Housing CDC, brought $6.18 million in equity to the project.


More images of HomeField and the celebratory event are available on NDHFA’s Facebook page.

The City of Fargo committed $165,000 in HOME funds and $150,000 in CDBG funding to help buy down the cost of the land on which the property is located. “The City has identified affordable senior housing as a critical need, especially housing for extremely low-income seniors,” said Dan Madler, BSI’s CEO.

HomeField is located at 4245 28th Ave S, next to Anderson Park in South Fargo. All the units are reserved for income-qualified households age 55 and older. There are 33 one-bedroom and six two-bedroom apartments. Depending on household size and income, the units rent for $388 to $696 per month plus utilities. An individual earning $16,530 or less would qualify to rent a one-bedroom apartment for $370.

MetroPlains Management expects the property to be completely leased up by the end of August. Individuals who would like to learn more about affordable housing available in the Fargo area can call the property manager at (701) 232-1887. Information is also available online at www.metroplains.com. 

Managing LIHTC Compliance Training Registration Open

BISMARCK, ND – Registration is now open for Managing Low Income Housing Tax Credit (LIHTC) Compliance, an in-depth training geared specifically to tenant file compliance.

Hosted by North Dakota Housing Finance Agency and lead by Spectrum Enterprises, the training will be held on Oct. 25, 2017, at the Ramkota Hotel, 800 S 3rd Street in Bismarck, ND.
Spectrum’s Jennifer Borland described the one-day training, “We will discuss income and asset definitions, verification requirements, calculations for income and assets, preparing for a compliance review, tenant fraud, student status, etc.”

All registrants will receive a course manual. Attendees that complete the training will be awarded six continuing education hours good toward any nationally recognized LIHTC designation (C3P, HCCP, COS, etc.). No exam or certification will be offered in conjunction with the training.

“In addition to the federal program requirements, the course will be customized to highlight NDHFA’s policies and procedures,” said Jennifer Henderson, the agency’s planning and housing development division director.

Pre-registration is required. The training fee on or before October 11, 2017, is $150. After the 11th, the fee is $175. Registration will close on Oct. 15. Additional information is available online or by contacting NDHFA at (800) 292-8621 or hfainfo@nd.gov.

Co-director of investor consulting services, education and training development, Borland is responsible for developing Spectrum’s training services. She has a background in conventional and affordable housing property management, and first served with the company as a senior compliance analyst, performing file pre-approvals and annual compliance reviews for management and investment clients, and as a compliance monitor for state monitoring contracts. Borland has spoken at seminars and conducted LIHTC compliance trainings nationwide. She is C12P, COS, STAR, and TaCCs certified.

Spectrum Enterprises, Inc. is a growing firm specializing in compliance oversight for the LIHTC program. With a national roster of clients includes state housing agencies, leading investors, syndicators, developers, asset management, and property management companies, Spectrum’s services include document analysis, tenant file reviews, application pre-approvals, site inspections and training.

NDHFA is a self-supporting state agency dedicated to making housing affordable for all North Dakotans. The Industrial Commission of North Dakota, consisting of Gov. Doug Burgum, as chairman, Attorney General Wayne Stenehjem and Agriculture Commissioner Doug Goehring, oversees the agency.