The North Dakota Housing Incentive Fund (HIF) is a means for developing affordable multifamily housing by incentivizing private investment. The fund is capitalized by contributions from state income and financial institution taxpayers. Contributors receive a dollar-for-dollar state tax credit that may be fully claimed in the year their contribution is made to the fund. Contributors can target their contributions to a specific project, community or area so their funds support their community needs.
The dollars allocated from the HIF help create new rental housing. Priority is given to projects that create units for low- to moderate-income households and in areas of the state that demonstrate an unmet housing need or shortage.
Sign up for the Housing Incentive Fund Informational Webinar on Dec. 15. Learn more about the fund during an informational webinar. The session begins at 10 a.m. There are no registration fees, however pre-registration is required. On the day of your webinar, be sure to log in at least 15 minutes before it begins to download the GoToWebinar software.
For more information on the Housing Incentive Fund, contact the Planning and Housing Development Division Director at 701-328-8080 or 800-292-8621.
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