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North Dakota Extends, Expands Housing Incentive Fund

Friday, June 19, 2015 - 7:00AM

North Dakota Gov. Jack Dalrymple announced this week that he has signed a bill extending the state Housing Incentive Fund (HIF) through June 30, 2017  and increasing the total amount of credits allowed to eligible HIF contributors. H.B. 1014 increases the program cap from $20 million through tax year 2014 to $30 million for the first two taxable years beginning after Dec. 31, 2014. The new law also sets the origination fee for HIF grant recipients at no more than 5 percent of the award.

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