Nine developments have received funding commitments from the North Dakota Housing Finance Agency (NDHFA) to support the construction or rehabilitation of nearly 500 affordable housing units statewide.

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NDHFA allocated $3.8 million in federal low-income housing tax credit (LIHTC) authority. When syndicated, the credits are expected to generate more than $34 million in project equity. NDHFA also awarded $2.7 million through the National Housing Trust Fund (NHTF) and $7.25 million from the state’s Housing Incentive Fund (HIF).

“We had a robust spread of requests for funding this year, with all of our programs receiving applications for more than twice the funding available,” said Dave Flohr, NDHFA’s interim executive director.

The development programs administered by NDHFA have allocation plans that are reviewed annually to ensure that the projects that receive financial awards address North Dakota’s greatest housing needs.

Each applicant must provide evidence that there is a need for the type of housing proposed, that the community supports the project, and that construction costs are reasonable. The period of affordability for the projects receiving federal funds is 30 years, and HIF’s minimum period of affordability is 15 years.

The developers and projects receiving funding include:

· Lutheran Social Services Housing was awarded $800,000 from HIF to support the redevelopment of Boulevard Avenue Apartments, preserving 108 units of affordable housing in Bismarck.

· The Independent Order of Odd Fellows of North Dakota was awarded $776,000 through the LIHTC program to support the redevelopment of IOOF Retirement Village I and II. The project will preserve 78 units of supportive senior housing in Devils Lake.

· Phase 2 of the Lakeland Court Apartments project in Devils Lake was awarded $1,289,527 from HIF. The SW Design Build project will create 24 new, senior-friendly housing units.

· Elliot Place, a Fargo Housing and Redevelopment Authority project, will create 84 new units of supportive senior housing. NDHFA awarded the project $1,128,016 in credit authority through the LIHTC program, $2.2 million from the HTF, and $3 million from HIF.

· Homefield 3, the final phase of a Beyond Shelter Inc. (BSI) supportive senior housing development, was awarded $720,274 in LIHTC authority. The Fargo project will provide 39 new units.

· Commonwealth Development Corp. was awarded $720,000 LIHTC authority to support the development of Eagle Flats in Jamestown. The project will create 33 new homes for families, including seven supportive housing units that will be reserved for households at risk of homelessness.

· Souris Heights, a 54-unit supportive senior housing complex that will be developed by BSI in Minot, was awarded $1,757,026 through HIF.

· A substantial rehab of Courtyard Apartments in Rugby received a $400,000 HIF award. The Affordable Housing Developers project will preserve 20 units of affordable rental housing.

· The Housing Authority of Cass County was awarded $791,719 in LIHTC program credit authority and $500,000 through the HTF to develop Sierra Townhomes. The West Fargo project will create 38 new housing units, including nine units of supportive housing for families at risk of homelessness.