North Dakota · State Subsidy Center

North Dakota affordable housing finance.

NDHFA is North Dakota's state housing finance agency, allocating federal LIHTC, issuing multifamily and single-family bonds, administering federal HOME, NHTF, Section 8 (statewide except local PHAs), .

State HFA
NDHFA
North Dakota Housing Finance Agency
Tax credit programs
Federal LIHTC
Federal LIHTC via NDHFA; no broad state LIHTC
State housing trust funds
ND Housing Incentive Fund
Housing Incentive Fund (tax credit-funded state HTF)
State rental assistance
Limited statewide
Primarily federal Section 8 admin via NDHFA and local PHAs
2026 PAB cap
~$397M
Per-capita $135 × 0.78M population — floor applies
FHLB district
FHLBDM
FHLB of Des Moines

The North Dakota housing-finance ecosystem

North Dakota's housing pipeline draws on a mix of state agencies, federal pass-through programs, and local frameworks. Programs span the full spectrum: low-income rental, supportive housing for special-needs populations, workforce / missing-middle housing, homelessness prevention, first-time homebuyer assistance, mixed-use redevelopment, and disaster recovery. Below is a directory of every currently-active state-level and major-local program, organized by administering agency.

State Housing Finance Agency

North Dakota Housing Finance Agency (NDHFA)

NDHFA is North Dakota's state housing finance agency, allocating federal LIHTC, issuing multifamily and single-family bonds, administering federal HOME, NHTF, Section 8 (statewide except local PHAs), and operating North Dakota's primary first-mortgage homebuyer products plus the Housing Incentive Fund.

Federal 9% LIHTC

Competitive · Rental

NDHFA allocates North Dakota's federal 9% LIHTC ceiling — approximately $2.7 million in 2026 following OBBBA's 12% increase. Annual competitive QAP process.

IRC § 42 · NDHFA Deep-dive coming soon

4% LIHTC + Multifamily Bonds

Non-competitive · Bonds

Non-competitive 4% LIHTC paired with NDHFA-issued multifamily revenue bonds.

IRC § 42(h)(4) · NDHFA Deep-dive coming soon

North Dakota Housing Incentive Fund (HIF)

State tax credit-funded · Capital subsidy

North Dakota's flagship state-funded housing trust fund. Funded through state income tax credits provided to donors. Supports affordable rental and homeownership development plus essential service worker housing.

NDCC § 54-17.5 · NDHFA Deep-dive coming soon

HOME Investment Partnerships

Federal pass-through

NDHFA administers North Dakota's HOME allocation, primarily for multifamily rental development paired with LIHTC.

42 U.S.C. § 12701 · NDHFA Deep-dive coming soon

National Housing Trust Fund (NHTF)

Federal pass-through · ELI

NDHFA administers North Dakota's NHTF allocation for housing serving extremely-low-income households.

12 U.S.C. § 4568 · NDHFA Deep-dive coming soon

Section 8 Housing Choice Voucher (statewide)

Federal vouchers · NDHFA admin

NDHFA administers Section 8 HCV statewide in jurisdictions not served by a local PHA.

24 CFR Part 982 · NDHFA Deep-dive coming soon

Section 811 Project Rental Assistance

Operating subsidy · Disability

NDHFA administers North Dakota's HUD Section 811 PRA allocation for extremely-low-income persons with disabilities.

42 U.S.C. § 8013 · NDHFA Deep-dive coming soon

Permanent Supportive Housing

Supportive housing · Coordinated

NDHFA capital subsidy for permanent supportive housing combined with operating subsidies from North Dakota Department of Health and Human Services.

Tribal Housing Partnerships

Tribal housing

NDHFA partnerships with North Dakota's tribal nations (Standing Rock, Spirit Lake, Three Affiliated Tribes, Turtle Mountain, Trenton Indian Service Area) supporting tribal housing through federal IHBG and LIHTC partnerships.

FirstHome

Homeownership · Below-market mortgage

NDHFA's flagship single-family first-mortgage product for first-time homebuyers offering below-market rates through participating lenders.

NDHFA Down Payment Assistance

Homeownership · DPA

NDHFA's DPA programs providing forgivable second-mortgage loans combinable with FirstHome first mortgage.

NDHFA Mortgage Credit Certificate

Homeownership · Federal tax credit

Federal income-tax credit for eligible first-time buyers equal to a percentage of mortgage interest paid annually.

IRC § 25 · NDHFA Deep-dive coming soon

Home Refinancing & Rehab

Homeownership · Rehab

NDHFA-administered home improvement loan program for owner-occupied rehabilitation.

Department of Commerce & Other State Programs

North Dakota Department of Commerce

ND Commerce administers federal CDBG for non-entitlement areas plus state economic development programs that interact with workforce housing in ND's oil-patch communities.

CDBG (state-administered)

Federal pass-through · Non-entitlement

ND Department of Commerce administers federal CDBG for non-entitlement North Dakota communities.

42 U.S.C. § 5306 · ND Commerce Deep-dive coming soon

North Dakota Historic Preservation Tax Credit

State tax credit · Historic rehab

North Dakota state historic tax credit for rehabilitation of certified historic structures. Pairs with federal HTC and 4% LIHTC for adaptive-reuse housing developments.

NDCC § 57-38-01.36 Deep-dive coming soon
Local Housing Programs

Fargo, Bismarck, and major ND local programs

Fargo and Bismarck operate local affordable housing programs supplementing NDHFA's statewide activity.

Fargo Affordable Housing

Local subsidy

Fargo's affordable housing programs through the Planning and Development Department supporting affordable rental and homeownership development.

Bismarck Affordable Housing

Local subsidy

Bismarck's affordable housing programs combining federal HOME and CDBG resources with local programs.

City of Bismarck Deep-dive coming soon

How North Dakota programs typically combine

Programs combine differently depending on what you're building. A short reference of representative stacks across the program-type spectrum:

  • Statewide 9% LIHTC: 9% LIHTC + Housing Incentive Fund + HOME + NHTF.
  • 4% LIHTC + bonds: 4% LIHTC + NDHFA bonds + HIF.
  • Tribal housing: IHBG + 9% LIHTC + NDHFA partnership.
  • Permanent supportive housing: 9% LIHTC + HIF + Section 811 PRA + DHHS operating subsidy.
  • Historic adaptive reuse: Federal HTC + ND Historic TC + 4% LIHTC + NDHFA bonds.
  • First-time homebuyer: FirstHome + DPA + MCC.

Post-OBBBA implications

  • Permanent 12% LIHTC increase: North Dakota's annual 9% LIHTC ceiling is permanently larger starting 2026.
  • 25% PAB financed-by test: for bonds issued after December 31, 2025, materially expanding the pipeline of 4% LIHTC deals that can be supported per dollar of bond volume cap.
  • Permanent OZ designations: Qualified Opportunity Zone designations gain permanence; Rural OZ provisions may apply in qualifying portions of the state.
  • Section 45L / 179D termination (June 30, 2026): Developers pursuing energy-efficient construction should accelerate placed-in-service dates.

This is educational reference material for affordable-housing practitioners, not legal, tax, financial, or investment advice. State program details, funding levels, and rules change frequently — consult the relevant state agencies and qualified counsel before structuring any transaction. See Disclaimer.