NDHFA January eNews

North Dakota Housing Finance Agency sent this bulletin at 01/08/2025 08:35 AM CST

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From the Executive Director

As we say goodbye to 2024, it’s a perfect time for reflection on both the progress we’ve made and the challenges that lie ahead. As an agency, we have made great strides in supporting North Dakota’s most vulnerable residents, first-time homebuyers and renters, ensuring that affordable housing continues to be available – and accessible – to those who need it most. READ MORE

DEVELOPMENT ASSISTANCE AWARDED

NDHFA made funding commitments to six affordable multifamily projects. The agency received applications for 17 projects, resulting in this application round being oversubscribed by $36.7 million.
The assistance awarded will support the development or preservation of more than 250 housing units in the communities of Belcourt, Dickinson, Minot and Rolla. READ MORE

MARK YOUR CALENDARS

As the state’s affordable housing leader, NDHFA offers a variety of training, professional development and networking opportunities for our housing partners. LEARN MORE

Apr. 22-23, 2025
Property Management Compliance Training

Oct. 7, 2025
NSPIRE Training

Oct. 14, 2025
Partnerships for Progress Conference

CONTINUUM OF CARE TO CONDUCT POINT-IN-TIME COUNT

In an ongoing effort to address homelessness in North Dakota, the North Dakota Homeless Continuum of Care is set to conduct its annual Point-in-Time Count on January 22, 2025.
The data collected helps to identify strengths and service gaps, increase public awareness, measure progress, and assist local entities with system planning and responses. READ MORE

AGENCY RETAINS TOP FHA LOAN SERVICER RANKING

The National Servicing Center of the U.S. Department of Housing and Urban Development (HUD) has once again ranked NDHFA as a Tier 1 Federal Housing Administration loan servicer.
The intention of the ranking is to protect borrowers and alert HUD to potential problems. A high work-out ratio shows a servicer’s effectiveness in working with delinquent borrowers to keep them out of foreclosure.
The National Servicing Center has ranked NDHFA a Tier 1 servicer for seven years running. READ MORE

HOME-ARP FUNDING RECIPIENTS ANNOUNCED

“This one-time federal funding opportunity is a critical tool toward creating a more stable housing environment for those who most need it,” said Dave Flohr, NDHFA’s executive director.
NDHFA received 13 applications requesting over $8.6 million. Two applicants were selected to receive the $2.6 million available in funding: Community Action Partnership North Dakota and Presentation Partners in Housing. READ MORE