HOME Community Land Trust Homebuyer Assistance Program (CHAP)
HOME Community Land Trust Homebuyer Assistance Program (CHAP) funds community land trusts to help low-income buyers purchase homes in Minot and Grand Forks, preserving affordability for future buyers.
Funder: North Dakota Housing Finance Agency
Due Dates: Application deadline not specified (CHAP) | July 15, 2027 (Annual HOME match reporting)
Funding Amounts: Minimum $1,000 per unit; 5–15-year affordability period; $500,000 estimated 2026 HOME homebuyer assistance allocation
Summary: CHAP funds community land trusts to help low-income homebuyers achieve affordable and sustainable homeownership in Minot and Grand Forks, North Dakota.
Key Information: Organizational applicants must be nonprofit community land trusts registered in North Dakota; homebuyer income cannot exceed 80% of area median income.
Description
The HOME Community Land Trust Homebuyer Assistance Program (CHAP) is administered by the North Dakota Housing Finance Agency (NDHFA) within the federally funded HOME Investment Partnerships Program. It provides funding to community land trusts to assist low-income homebuyers with affordable and sustainable homeownership. CHAP is currently available through the Minot and Grand Forks Community Land Trusts, which deliver the assistance locally.
HOME homebuyer assistance supports eligible home purchases, with underwriting focused on the buyer’s ability to afford and sustain ownership. Participating buyers receive certified housing counseling, and assisted properties remain subject to principal-residence and affordability requirements. Community land trust properties subject to ground lease controls use resale restrictions to preserve affordability for subsequent low-income buyers while providing the seller a fair return.
