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From the Executive Director
NDHFA is kicking off the month of May with some exciting news. We were awarded a $5.1 million grant from the FHLB Des Moines Impact Member Fund through a partnership with the Bank of North Dakota (BND).
FHLB created the Member Impact Fund in 2023 and this is the first year that North Dakota member banks were eligible. Of the $20 million available, North Dakota member banks and grantees received $11 million.
A big thank you goes to Todd Steinwand, the BND team, and their advisory board. This award is very timely and will increase the impact of existing NDHFA-administered programs, including Helping HAND, Rehab Accessibility Program (RAP), Opening Doors and the Housing Incentive Fund (HIF). READ MORE
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HOUSING FINANCE AGENCY RECEIVES GRANT FROM FEDERAL HOME LOAN BANK OF DES MOINES AND BANK OF NORTH DAKOTA THROUGH MEMBER IMPACT FUND
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APPLICATION PERIOD TO OPEN FOR EMERGENCY SOLUTIONS GRANT AND ND HOMELESS GRANT
- The application period for federally funded ESG and state -funded NDHG is May 15 to May 30, 2024.
- “These grants play a crucial role in supporting North Dakota’s homeless response system,” said Dave Flohr, NDHFA executive director.
- ESG and NDHG funds provide financial support to eligible local government and nonprofit organizations who offer emergency shelter, supportive services, and financial assistance to individuals experiencing homelessness or at risk of homelessness.
- Approximately $836,500 and $906,706 are available for the Emergency Solutions Grant and North Dakota Homeless Grant, respectively. READ MORE
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RENT AND INCOME LIMITS RELEASED
- The 2024 Income and Rent Limitations have been released by the U.S. Department of Housing and Urban Development (HUD).
- NDHFA published the new limits for the following Planning and Housing Development Division programs: Low Income Housing Tax Credit, Housing Incentive Fund, Law Enforcement Pilot Program, Rural Housing Rehab Loan Program, FDIC Affordable Housing Program, Rehab Accessibility Program, Helping HAND, Neighborhood Stabilization Program, HOME Investment Partnerships Program, and National Housing Trust Fund.
- HUD guidelines help target resources to low-income households and communities most in need of assistance.
- Limits are available on the agency's website under Compliance, www.ndhfa.org.
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ANNUAL ACTION PLAN COMMENT PERIOD ENDS MAY 13
The 30-day comment period for the State's 2024 Annual Action Plan, as announced by the North Dakota Department of Commerce, Division of Community Services, and North Dakota Housing Finance Agency, comes to a close on May 13, 2024.
Priority needs and goals identified in the Consolidated Plan are addressed through the State’s HUD Action Plan, providing a summary of actions, activities, and specific federal and non-federal resources that will be used. The action plan is available online at https://www.ndhfa.org/.
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 The State of North Dakota has launched SmartwithMyMoney.nd.gov to help residents learn more about managing their money, gain insights into why they make the choices they do, and how to ultimately decrease financial stress and feel good about their finances.
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Welcome
Mikayla Rittel,
Loan Specialist Tech
Kyra Miller,
Loan Specialist
Josh Herigstad,
Payment Specialist
Farewell
Kyaw Kyaw (Kelvin) Win,
Programmer Analyst
Happy Retirement to
Mike Koshney,
Contract Admin Specialist
Service Awards
Wanda Palenberg-Bryson, 10 years
New Lenders
American Federal Bank
Mountain State Financial Group, LLC
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Calendar
May 27: NDHFA Closed,
Memorial Day
May 17: Advisory Board Meeting
May 30: ESG and NDHG application deadline
June 14: Advisory Board Meeting
July 4: NDHFA Closed,
Independence Day
July 12: Advisory Board Meeting
August 27-29: Main Street Summit, Watford City
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