BISMARCK, N.D. • The North Dakota Housing Finance Agency said it is currently accepting applications for programs that support affordable rental housing development and provide homeownership and rental assistance for low-income households.
The agency made the announcement on Wednesday, July 21.
“These programs help address the housing needs of our state’s most vulnerable populations – low-wage workers, and individuals and families who are aging, are in need of an accessible home, and/or are at risk of homelessness,” said Dave Flohr, the agency’s executive director.
There are four programs with available funding. NDHFA is the administrator of the state’s Housing Incentive Fund, and oversee three federally-funded programs – HOME Investment Partnerships, Low Income Housing Tax Credit and National Housing Trust Fund.
LIHTC encourages private sector investment in affordable housing through tax incentives. In North Dakota, HOME supports affordable rental housing production and funds homeownership and rental assistance programs. About $3 million is available.
Property owners receive the credits for up to 10 years based on their capital investment and a project’s level of commitment to low-income