Laws & Taxes

Laws & Taxes

Tax Credits Advanced for Affordable Housing in Minot

BISMARCK, ND - September 6, 2011 - (RealEstateRama) -- As a part of the state’s flood recovery efforts, the Industrial Commission of North Dakota has approved a plan by the North Dakota Housing Finance Agency (NDHFA) to make an advance commitment of up to $650,000 of its 2012 low income housing tax credits (LIHTC) to build or buy and rehabilitate rental units for lower-income households in flood-ravaged Minot. This advance commitment would be 25 percent of the state’s 2012 credits.

AFFORDABLE HOUSING DEVELOPMENTS PLANNED

BISMARCK, ND - April 22, 2011 - (RealEstateRama) -- The Industrial Commission announced today that the North Dakota Housing Finance Agency (NDHFA) has granted conditional commitments for $2.9 million in Low Income Housing Tax Credits (LIHTC) for construction or rehabilitation of 258 affordable housing units.

Tax Credits Available to Housing Developers

BISMARCK - December 28, 2010 - (RealEstateRama) -- The Industrial Commission of North Dakota has approved the 2011 Low Income Housing Tax Credit (LIHTC) Qualified Allocation Plan, making more than $2.4 million worth of federal tax credits available to developers of affordable housing

GROUND BROKEN FOR MUCH NEEDED RENTAL HOUSING

WILLISTON, ND - October 28, 2010 - (RealEstateRama) -- G.A. Haan Development, LLC is constructing a two-story, 40-unit apartment building in Williston, ND. The complex is partially funded by the federal Low Income Housing Tax Credit (LIHTC) program, administered by the North Dakota Housing Finance Agency (NDHFA)

Developer Demand For Tax Credits Is High

BISMARCK, ND - April 19, 2010 - (RealEstateRama) -- The Industrial Commission announced today that the North Dakota Housing Finance Agency (NDHFA) has granted conditional commitments for $2.4 million in Low Income Housing Tax Credits (LIHTC) to support the construction or rehabilitation of 177 housing units.

Dorgan Says 3,400 North Dakotans Have Used Homebuyer Tax Credit

WASHINGTON, D.C. - February 8, 2010 - (RealEstateRama) -- U.S. Senator Byron Dorgan (D-N.D.) said today that 3,400 North Dakotans have used the First Time Homebuyer Tax Credit passed last year by Congress as part of a major economic recovery bill.

Tax Credits Available to Developers of Low-income Housing

BISMARCK, ND - December 30, 2009 - (RealEstateRama) -- The North Dakota Industrial Commission has approved the 2010 Low Income Housing Tax Credit Qualified Allocation Plan (QAP), providing more than $2.4 million worth of federal tax credits to support affordable housing development next year. The program is administered by the North Dakota Housing Finance Agency (NDHFA).

Tax Credits Awarded for Affordable Housing Development

BISMARCK, ND - September 18, 2009 - (RealEstateRama) -- The Industrial Commission announced today that the North Dakota Housing Finance Agency (NDHFA) has granted conditional commitments for $2.7 million in Low Income Housing Tax Credits (LIHTC) to support construction or rehabilitation of 266 housing units.

Credits Still Available for Housing Development

BISMARCK, ND - April 20, 2009 - (RealEstateRama) — The North Dakota Housing Finance Agency (NDHFA) announced today that the second round deadline for Low Income Housing Tax Credits (LIHTC) has been extended to July 31, 2009. More than $400,000 in credits remains available.

Agency Offers Tax Credits in Exchange for Housing Development

BISMARCK, ND - December 9, 2008 - (RealEstateRama) – More than $2.4 million worth of federal tax credits will be available to support affordable...

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