Home investment partnerships program

The North Dakota Housing Financing Agency received a $3.01 million formula grant award dated September 22, 2025, under the Home Investment Partnerships Program (CFDA 14.239), administered by the U.S. Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development. The award, obligated through September 30, 2034, funds affordable housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance for low-income households throughout North Dakota.

Under this formula allocation, the agency will deploy HOME funds to finance a portfolio of affordable housing initiatives designed to expand the supply of decent, affordable housing for low and very low-income residents. All housing assisted through these funds must meet federal income targeting and affordability requirements, with assisted units remaining affordable for 5 to 20 years depending on the activity type and level of HOME funding contribution. The agency may undertake projects directly or distribute funds to developers, housing owners, and community partners to implement comprehensive housing solutions across the state.