Grants directory
Targeted Area Loan
North Dakota Housing Finance Agency · State program
Reduced-interest mortgage loan; no dollar amount stated
NDHFA offers reduced-interest mortgage loans in specified Targeted Areas of North Dakota for up to one year of bond proceeds. Buyers must meet income and purchase price limits and verify the property’s census tract before applying.
Program details
How it works
The Targeted Area Loan is an NDHFA mortgage loan program created under the Internal Revenue Code. NDHFA must set aside a portion of bond proceeds for up to one year for reduced-interest mortgage loans in Targeted Areas of North Dakota.
Where it applies
The page says to search by property address to determine whether the home is in a Targeted Area. After searching, the census tract shown must match one of the listed tracts.
Listed Targeted Areas
- Cass: 0005.02, 0006.01, 0006.02, 0101.06, 0101.07, 0101.11
- Sioux: 9409
How it works with application
Before moving forward, NDHFA’s homeownership division verifies the property qualification and whether program proceeds are still available, then provides authorization to proceed with the loan application.
Amounts and matching
The page does not provide a dollar amount. It says the program offers reduced-interest mortgage loans and that the bond proceeds are set aside for up to one year.
Timing and deadlines
The set-aside of bond proceeds lasts up to one year. No other deadline is stated.
Other notes
The page also notes that buyers may use DCA or Start for down payment and closing cost assistance, if otherwise eligible.
Full eligibility details
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