Page 43 - January 16, 2025 Bulletin

Bismarck
aSSoCiaTe a Point-in-Time (PIT) Count of the people in the state who are
The North Dakota Continuum of Care (ND CoC) will conduct
experiencing homelessness on Jan. 22, 2025.

HAPPENINGS The U.S. Department of Housing and Urban Development
(HUD) requires CoCs to conduct an annual count of sheltered
people experiencing homelessness. While a count of people who are
unsheltered are only required in odd numbered years, the ND CoC
Bismarck conducts one annually as well. Each count is planned, coordinated,
and carried out locally.
The North Dakota Industrial Commission has announced funding
commitments by the North Dakota Housing Finance Agency The goal of HUD’s CoC Program is to promote a communitywide
(NDHFA) for six affordable multifamily housing projects. The commitment to the goal of ending homelessness. The program
development assistance managed by North Dakota Housing provides funding to support efforts to end homelessness, promotes
Finance Agency helps to ensure the most vulnerable state residents access to and effective utilization of programs, and optimizes
have access to safe and affordable housing. the self-sufficiency of individuals and families experiencing
homelessness.
North Dakota Housing Finance Agency received applications for 17
projects, with requests for assistance from more than one funding North Dakota Housing Finance Agency (NDHFA) acts as the
source, resulting in this application round being oversubscribed Collaborative Applicant for the state’s CoC whose geographic area
by $36.7 million. NDHFA administers the federal Low Income encompasses all 53 of North Dakota’s counties, its cities, towns, and
Housing Tax Credit (LIHTC), HOME Investment Partnerships unincorporated areas, as well as the state’s five federally recognized
(HOME) and National Housing Trust Fund (HTF) programs, and tribes. More information about the ND CoC is available online at
the state’s Housing Incentive Fund (HIF). The assistance awarded https://ndcontinuumofcare.org.
will support the development or preservation of more than 250
housing units statewide.
More information about the multifamily housing programs
administered by NDHFA is available online at www.ndhfa.org

Bismarck

North Dakota Housing Finance Agency (NDHFA) was ranked
a Tier 1 Federal Housing Administration (FHA) loan servicer
for FY 2024 by the U.S. Department of Housing and Urban
Development’s (HUD) National Servicing Center.
Loan guarantees provided by HUD reimburse lenders for their loss
in the event that a homeowner defaults. Of the nearly 13,500 loans
NDHFA currently services, 42 percent are FHA guaranteed.

Loan servicers receive quarterly scores that are averaged to produce
a final fiscal year-end score. NDHFA’s FY2024 score is 94.15
percent, up from 93.53 the previous year. The agency was one of 87
loan servicers ranked as Tier 1 for FY2024. There were 495 FHA
servicers nationwide.
The ranking system measures FHA servicer compliance with
guidelines and intervention requirements, loss mitigation
engagement, and reporting. The intention of the ranking is to
protect borrowers and alert HUD to potential problems. A high
work-out ratio shows a servicer’s effectiveness in working with
delinquent borrowers to keep them out of foreclosure. The National
Servicing Center has ranked NDHFA a Tier 1 servicer for seven
years running.

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