The August 18, 2016, Ninth District Insight webinar session spotlighted the following affordable housing programs:
North Dakota Housing Incentive Fund
North Dakota Housing Finance Agency
Capitalized by contributions from state taxpayers, the North Dakota Housing Incentive Fund (HIF) provides an innovative source of financing for developing affordable rental housing in North Dakota. The program seeks to increase the availability of workforce housing and housing for seniors through individual, philanthropic, and corporate contributions. HIF donors receive a state tax credit in the amount of their contribution. To date, the fund has generated more than $89 million for the construction or rehab of approximately 2,400 housing units. Learn how this model has been an effective tool for leveraging private capital to meet North Dakota’s affordable housing needs.
Red Wing Affordable Housing Trust Fund
Red Wing Housing and Redevelopment Authority (Minnesota)
Red Wing Housing and Redevelopment Authority (HRA) partnered with the City of Red Wing—a community of less than 20,000 households—to create an Affordable Housing Trust Fund that provides essential gap financing for affordable housing projects, in turn making them more attractive to private investors. The Red Wing HRA aims to use the fund to develop new workforce housing and to rehabilitate existing multifamily housing. Learn how the HRA used property-tax-levy dollars to produce a housing trust fund that works for rural communities.
Home Address Plus Program
Dakota Resources (South Dakota)
Home Address Plus is an innovative partnership among three of South Dakota’s rural housing development leaders: Dakota Resources, GROW South Dakota, and NeighborWorks Dakota Home Resources. These organizations are working together to increase strategic housing development and affordable homeownership in small towns across the state of South Dakota. Learn how their community engagement coaching, technical assistance, systems thinking tools, and peer-to-peer learning networks are building the capacity of local communities to address affordable housing needs.