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Multifamily App Award for Low income Housing

Sarah Mudder
GUEST WRITER
DEVILS LAKE -ND – The North Dakota Industrial Commission (Commission) announced today that six projects have received funding commitments from the North Dakota Housing Finance Agency (NDHFA) to support the construction or rehabilitation of more than 200 affordable housing units.
During its most recent funding round, NDHFA allocated $3.25 million in federal tax credit authority through the Low Income Housing Tax Credit (LIHTC) program. When syndicated, the credits will generate approximately $29 million in project equity. NDHFA also awarded $2.76 million through the National Housing Trust Fund (HTF).
“The development programs North Dakota Housing Finance Agency administers help to ensure vulnerable households have housing that is safe and affordable,” said Commission members in a joint statement. Consisting of Gov. Doug Burgum as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, the Commission over ....

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