North Dakota RealEstateRama

The Industrial Commission has increased the purchase price limit of North Dakota Housing Finance Agency (NDHFA) homeownership programs from $250,000 to $265,158 in accordance with Internal Revenue Service guidelines

Today officials from the Federal Emergency Management Agency (FEMA) briefed Congressman Kevin Cramer and other members of the Home Protection Caucus on the implementation of the Homeowner Flood Insurance Affordability Act of 2014, which Cramer cosponsored. The law retroactively repeals certain rate increases in the Biggert-Waters Flood Insurance Reform Act, allows individuals to receive refunds if incorrectly charged, and expands the scope of the affordability study already required to be conducted by FEMA

The Industrial Commission announced today that the North Dakota Housing Finance Agency (NDHFA) has allocated $2.4 million in federal Low Income Housing Tax Credits (LIHTC) to five affordable senior housing projects. The 163 units constructed will be located in Dickinson, Fargo, Jamestown, Minot and West Fargo

Senators John Hoeven and Heidi Heitkamp and Congressman Kevin Cramer announced today that 15 housing authorities in North Dakota will receive awards from the U.S. Department of Housing and Urban Development (HUD) totaling nearly $2 million. The funds will come from HUD’s Public Housing Capital Fund

The Industrial Commission has adjusted income limits in state homeownership programs, making more North Dakotans eligible for mortgage loans with below-market interest rates as well as down payment assistance and closing cost assistance.

Nearly 2,000 families have received or been approved to receive assistance from two funds designated for rebuilding after the 2011 floods by the North Dakota Legislature. The Rebuilders Loan and Supplemental Rebuilders Loan Programs have committed to $51.2 million for 1,946 loans. Of that amount, $47.3 million has been distributed.

Senator John Hoeven has called on Housing and Urban Development (HUD) Secretary Shaun Donovan to extend to 36 months the period of eligibility for Community Development Block Grant (CDBG) funding for homeowners to repair their homes following the 2011 flood in Minot

The North Dakota Industrial Commission today recognized QEP Resources, Inc., for contributing $1 million in December to help the Housing Incentive Fund (HIF) create hundreds of new affordable housing units in western North Dakota.

The North Dakota Industrial Commission announced today that the North Dakota Housing Finance Agency (NHDFA) has fully capitalized the state’s affordable housing development program only eight months after it was reauthorized.

A 28-unit apartment complex in Lignite, ND, is providing affordable housing for local school district employees and border patrol agents.