Homeownership Division
Commission Approves Program Eligibility Limit Increases
The North Dakota Industrial Commission has approved changes that will allow North Dakota Housing Finance Agency (NDHFA) to provide mortgage loan financing to individuals and families with a higher yearly income. They have also increased the acquisition (purchase price) limit for financed properties. READ MORE
Price of ND Homes Continues to Increase; Inventory Problem Likely Not to Change
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Last year, inflation rose to a 40-year high of 9.1%. Now, it’s still high at 4.9%, and that’s reflected in the North Dakota housing market.
According to North Dakota Housing Finance Agency, the demand for homes that cost $300,000 or less far exceeds their availability. Read full KFYR story HERE
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 Planning and Housing Development Division
Application Period Open for Affordable Housing Development and Assistance Programs
North Dakota Housing Finance Agency (NDHFA) is currently accepting applications for programs that support affordable rental housing development and provide homeownership and rental assistance for low-income households. READ MORE
 2023 HUD Rent and Income Limits
The 2023 Income and Rent Limitations have been released by HUD and were published by the Planning Division this spring. Compliance memorandums regarding implementation are available online.
 Public Affairs/Communications
Conquering Compliance - Last Chance to Register
Conquering HUD Multifamily Compliance is a two-day, 16- hour course specially designed to assist affordable housing professionals in conquering HUD project compliance and is scheduled for August 9-10 in Fargo, ND.
For more information, or to register click here.
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Inadequate Supply, Rising Costs Hit Renters Statewide
End of federal pandemic aid could lead to housing insecurity
Joe Yasenchack suffered a brain aneurysm in his early 30s. The sudden trauma put him in a coma for three and a half months, followed by 18 years of nursing home care. The Cleveland, Ohio native and now Harvey resident, has lived independently for the past three years, as much as someone in his condition can.
At the moment he faces a new crisis. Very soon he must move out of his home at Harvey Manor Apartments. Read the full NDNC article HERE
Community Development Block Grant Pre-Application Period Open
The CDBG Program provides financial assistance to eligible units of local governments in the form of grants and loans for public facilities, housing rehabilitation and economic development projects. READ MORE
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