North Dakota state agency awarded just over $5 million to address housing

BISMARCK, ND — A North Dakota state agency has been awarded just over $5 million to address housing challenges in the state.

The Federal Home Loan Bank of Des Moines (FHLB) Member Impact Fund awarded a multi-million-dollar grant to the North Dakota Housing Finance Agency (NDHFA), according to a release from the North Dakota Industrial Commission.

“The availability of affordable housing continues to be a long-standing challenge,” said Dave Flohr, NDHFA executive director. “Through addressing the housing needs of our most vulnerable residents, we strengthen and stabilize North Dakota communities.”

Included in this $5.1 million grant, the NDHFA will receive a $1.28 million funding match from Bank of North Dakota (BND) capital.

These funds will be spent to bolster existing NDHFA programs to obtain housing for workers who earn low to moderate wages, aging North Dakotans, people with disabilities and those at-risk of homelessness.

“Affordable housing is a key component of economic development,” the release said. “It plays a critical role in attracting workforce talent and is one of the highest priorities of people moving to our state.”

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