Housing Market Survey Grants
The Housing Market Survey Grant program helps pay for an analysis of a community’s current and future housing needs. Grants are equal to 50 percent of the cost of a market survey not to exceed $5,000.
Eligible applicants include communities or non-profit organizations representing or working in partnership with communities.
Communities must meet the USDA Rural Development definition of rural – having a population of 35,000 or less.
Contact: Jennifer Henderson (701) 328-8085
Rural Housing Development Loans
The Rural Housing Development Loan Program provides low-interest, short-term loans for predevelopment soft costs, land acquisition, site development and any other cost associated with producing housing in difficult to develop areas.
- Eligible applicants include communities or non-profit organizations representing or working in partnership with communities.
- For-profit developers may also be eligible, at the sole discretion of NDHFA.
- Communities must meet the USDA Rural Development definition of rural – having a population of 35,000 or less.
Contact: Jennifer Henderson (701) 328-8085
Construction Loan Guarantees
Provide construction loan guarantees to lenders for contractors who build or rehabilitate affordable single-family housing in difficult to develop rural communities with populations less than 35,000 on a speculative basis for resale. Ineligible areas include communities of more than 35,000 and areas within 10 miles of those communities. NDHFA may consider construction guarantees for non-speculative construction of single-family homes on a case-by-case basis and at the sole discretion of the Agency.
Contact: Jolene Kline. 701-328-8080
FirstHome Program
You must not have owned a home as your principle residence within the last three years (including a manufactured home on a permanent foundation).
- You must meet income and purchase price limits.
Looking for Down Payment and Closing Cost Assistance? You can use DCA or Start!
Contact: Dave Flohr. 701-328-8080
Downpayment and Closing Cost Assistance Program
Through the DCA program, NDHFA provides low-income buyers with affordable mortgage loans that include down payment and closing cost assistance. Amount of assistance equals three percent of the first mortgage loan amount in the form of a credit towards your out-of-pocket cash requirement. This can be used for downpayment, closing costs and prepaid items.
DCA cannot be used in conjunction with any other down payment assistance programs.
- You must meet income limits, which vary based on county and family size.
- Only one to two-unit properties (one unit must be occupied by borrower).
- You must complete a homebuyer education course and receive a certificate of completion that is dated before loan closing.
Through the Start Program, NDHFA provides low- to moderate-income buyers with affordable mortgage loans that include down payment and closing cost assistance. Amount of assistance equals three percent of the first mortgage loan amount in the form of a credit towards your out-of-pocket cash requirement. This can be used for downpayment, closing costs and prepaid items.
- Start cannot be used in conjunction with any other down payment assistance programs.
- Start can only be used on one to two-unit properties (one unit must be occupied by borrower).
Contact: Dave Flohr. 701-328-8080
HomeAccess Program
The HomeAccess program provides low-interest mortgage loans to disabled, elderly, veteran and single-parent households who are not eligible for the FirstHome program due to ownership of a home in he prior three years. HomeAccess can only be used for purchase transactions, refinancing of existing mortgages is not permitted. Eligible households include those that have either a permanently disabled immediate family member or a family member age 65 or older. Immediate family member is defined as being the mortgagor, mortgagor’s spouse, and any dependent(s) permanently residing he home. Veteran is defined as someone who has served in the active military, naval or air service and has been discharged or released from active duty under conditions other than dishonorable. Single-parent households with at least one dependent child residing in their home 50 percent of the time may be eligible.
Contact: Dave Flohr. 701-328-8080
Start Program
The Start Program provides first-time buyers with affordable first mortgages and help with their out of pocket cash requirements. The program assistance is equal to three percent of the Start first mortgage. The help is in the form of a credit to the borrowers at the time of loan closing. Start assisted first mortgages have a slightly higher interest rate than FirstHome mortgages. The program cannot be used in conjunction with other downpayment assistance programs. The borrower must have a minimum of a $500 out of pocket investment. Both 30 and 40 year loan terms are available with the Start program.
Contact: Dave Flohr. 701-328-8080
North Dakota Roots
North Dakota Roots provides new North Dakotans with either a below-market interest rate loan or a market interest rate loan that includes down payment and closing costs assistance. Home being purchased must be the first since moving to North Dakota. These funds can only be used for purchase transactions. No refinancing of existing mortgages.
Contact: Dave Flohr. 701-328-8080
Rehab Accessibility Program
The Rehab Accessibility Program (RAP) offers grant dollars for the renovation of properties occupied by lower-income North Dakotans with physical disabilities.
Examples of qualifying renovations include the installation of ramps, door levers, walk-in/roll-in showers, grab bars and the widening of doorways.
- Eligible grant recipients are households with an income equal to or less than 80 percent of the county median income adjusted for family size.
- Grant recipients must certify their household income at the time of the application.
- Project costs not directly attributable to lower-income rental households may be prorated for grant eligibility based on the percentage of eligible units to total project units.
- The project must be completed and certification received by NDHFA within six months of the grant award. The final award is contingent upon costs meeting those included in the application.
Contact: Nancy Rice. 701-328-8080
Rural Housing Rehab Loan
The Rural Housing Rehabilitation Loan Program provides a low-cost revolving loan fund for the rehabilitation of single- or multi-family properties.
- The property must be located within an area meeting the USDA Rural Development definition of rural (population of less than 35,000).
- The household income of a single-family property owner may not exceed 100 percent of the area median.
- A multi-family property must target at least 20 percent of its units to households with incomes at or below area median income.
- Compliance
Contact: Jolene Kline. 701-328-8080
Low Income Housing Tax Credits
The Low Income Housing Tax Credit (LIHTC) program provides an incentive for the production or rehabilitation of affordable rental housing. Property owners receive federal income tax credits for up to 10 years based on capital investment and level of commitment to low-income tenancy.
Developers of qualified low-income housing, as defined by the Internal Revenue Code (Section 42) may apply. To learn more about Low Income Housing Tax Credits, download the Program Template.
LIHTCs are awarded annually through a competitive application process according to NDHFA’s Qualified Allocation Plan.
Application
Contact: Sylvia Burgess. 701-328-8080
Emergency Housing Guide
Emergency housing programs provide temporary indoor accommodations for seniors, families and other individuals who are facing a high risk of homelessness. While some emergency housing programs are operated in shelters or standalone facilities that provide a safe place to sleep, others can provide temporary financial support to cover rent or mortgage payments.
Contact: North Dakota Housing Finance Agency. 701-328-8080