Grant Dollars Available For Property Redevelopnment
Applications Due By Jan. 31
The North Dakota Housing Finance Agency (NDHFA) is soliciting applications for $409,190 in funding through the federal Neighborhood Stabilization Program (NSP).
The intent of the program is to revitalize neighborhoods by redeveloping abandoned or vacant properties,” said Jolene Kline, NDHFA executive director. We are anxious to put the money to work in eligible North Dakota communities.”
Applications will be accepted for activities involving the redevelopment of foreclosed, abandoned, or vacant properties into permanent housing. Preference will be given to applications involving rental housing.
The funds are only available for use in targeted census tracts in the following communities of Alexander, Belfield, Bowman, Dickinson, Fargo, Glenburn, Grand Forks, Mohall, Ray, Rolla, Rolette, Sherwood, South Heart, Tioga and Williston.
An eligible property must be located within a census tract that has a needs score of seven or greater or weighted average score exceeding seven as determined as a percentage of funding. The U.S. Department of Housing and Urban Development’s mapping tool can be used to determine the needs score of any given location. It can be found online at http://www.huduser.org/NSP/NSP3.html.
Applications must be received in the NDHFA office by the close of business on January 31, 2014. More information is available on the agency’s website, http://www.ndhfa.org, or by contacting Jolene Kline or Jennifer Henderson at [email protected], (701) 328-8080 or (800) 292-8621.
NSP was originally created under Title III of the Housing and Economic Recovery Act of 2008 and the State of North Dakota received $19.6 million for the redevelopment of abandoned and foreclosed homes and properties. All of those funds have been obligated. Additional funding was authorized under Section 1497 of the Dodd-Frank Reform and Consumer Protection Act of 2010 and is referred to as NSP3. NDHFA was initially awarded $5 million, but through the use of program income, NDHFA has awarded a total of $5,363,235 in assistance to four projects located in Bowman, Belfield and two projects in Tioga.
The Industrial Commission of North Dakota, consisting of Governor Jack Dalrymple, as chairman, Attorney General Wayne Stenehjem and Agriculture Commissioner Doug Goehring, oversees NDHFA.