North Dakota Housing Finance Agency
North Dakota

The North Dakota Housing Incentive Fund (HIF) supports the development of affordable multi-family housing units for low- to moderate-wage workers, the state’s aging population, individuals with disabilities, and persons at-risk of homelessness. Local, state and tribal governments; local and tribal housing authorities; community action agencies; regional planning councils; and non-profit and for-profit developers are all encouraged to explore developing with HIF.

Funding Source
General revenue
Funding Year
FY 2024-2025
Program Status
Active
State Funding
$12,000,000
Total Funding
$12,000,000
Website
https://www.ndhfa.org/index.php/development/
Contact
Program Administration North Dakota Housing Finance Agency [email protected] 701-328-8080
How Provided?
Development loans
Data Collected by Program
Income
Program Type
Capital resources
Income Eligibility Threshold
140% AMI or less
Duration
Affordability period is 15 years
Info Source
Program administrator survey response & NLIHC internet research
Last Updated
8/18/23 14:51
Other Eligibility Requirements

No other eligibility requirements

Coordinates Eligibility With

Does not coordinate with other systems

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Extremely low-income households (income less than 30% AMI); Persons with disabilities; Household income 80% AMI or less