For Immediate Release
Dec. 6, 2011
HOUSING AGENCY OFFERS TAX CREDITS FOR FUND CONTRIBUTIONS
Contributors can target their dollars to a specific project or ask that their funds be designated for general use in their community or region.
“There is a critical
need for rental units in our energy and disaster impacted communities. Gaps in
financing are slowing down construction and keeping good projects from being
Once a contribution is received, NDHFA issues a tax credit certificate to the contributor and the North Dakota Office of the Tax Commissioner. The credits can be fully claimed in the year that the contribution is made. If a taxpayer can’t use their entire credit the first year, it may be carried forward for up to ten tax years.
before Dec. 31 can be taken on 2011 returns, and those dollars will support
construction next spring,” said
As the fund administrator, NDHFA is authorized to accept contributions to the fund up to $15 million. The fund is to be capitalized solely by state income and financial institution taxpayers.
More information on HIF
is available at www.ndhousingincentivefund.org or by contacting
Commission of North Dakota, consisting of Governor Jack Dalrymple, as chairman,
Agriculture Commissioner Doug Goehring and Attorney General
- 30 -
North Dakota Housing Finance Agency
2624 Vermont Avenue, PO Box 1535, Bismarck, ND 58502-1535
Bismarck Main Office -- (701) 328-8080 | Nation Wide Toll Free (800) 292-8621 | Fax (701) 328-8090 | TTY (800) 366-6888
Fargo Field Office -- (701) 239-7255 | ND Toll Free (877) 239-3200 | Fax (701) 239-7257 | TTY(800) 366-6888
Equal Housing Opportunity