HOME Community Land Trust Homebuyer Assistance Program (CHAP)
The HOME Community Land Trust Homebuyer Assistance Program (CHAP) by the North Dakota Housing Finance Agency supports affordable homeownership for low-income buyers through Community Land Trusts in Minot and Grand Forks.
Funder: North Dakota Housing Finance Agency
Due Dates: Rolling (applications accepted year-round via participating Community Land Trusts)
Funding Amounts: HOME-funded assistance for eligible homebuyers; specific award amounts vary by transaction and local CLT availability.
Summary: Supports Community Land Trusts in assisting low-income homebuyers to achieve affordable, sustainable homeownership in North Dakota.
Key Information: Available only through Minot and Grand Forks Community Land Trusts; subject to HOME program and CLT requirements.
Description
This program, administered by the North Dakota Housing Finance Agency (NDHFA) under the federal HOME Investment Partnerships Program, provides funding to Community Land Trusts (CLTs) to help low-income homebuyers purchase homes with long-term affordability. The program leverages the CLT model, which separates land ownership (held by the CLT) from home ownership (held by the buyer), ensuring that homes remain affordable for future generations. Assistance is currently available through the Minot and Grand Forks Community Land Trusts, which work directly with eligible buyers to structure transactions in compliance with HOME and land trust requirements.
