Low Income Housing Tax Credit Program
Forecasted
Low Income Housing Tax Credit Program supports housing owners with federal tax credits for construction, rehabilitation, and adaptive reuse to develop and preserve affordable rentals in North Dakota.
Funder: North Dakota Housing Finance Agency
Due Dates (Anticipated): August 2027 (4% Credits) | September 2027 (9% Credits)
Funding Amounts: $3,701,073 in 9% credits planned for allocation under the 2027 plan; project-specific credit limits apply
Summary: NDHFA allocates federal housing tax credits to support affordable rental housing development and rehabilitation in North Dakota.
Key Information: Owners must waive qualified-contract rights and maintain low-income occupancy for at least 30 years.
Description
The North Dakota Housing Finance Agency (NDHFA) administers the Low Income Housing Tax Credit (LIHTC) Program for North Dakota under Internal Revenue Code Section 42. Its Qualified Allocation Plan establishes how credits are distributed to affordable rental housing projects, including new construction, acquisition and rehabilitation, and adaptive reuse. Applicants apply as project owners or entities with a controlling ownership interest.
The program offers competitive 9% credits and noncompetitive 4% credits for tax-exempt bond-financed projects. Competitive selection considers income targeting, preservation of existing affordability, redevelopment, resident services, housing design, and committed leverage. LIHTC is separate from NDHFA’s HOME CHDO Operating Grant, which supports certified Community Housing Development Organizations’ operating expenses.
