North Dakota Housing Finance Agency

What North Dakota Housing Finance Agency does

North Dakota Housing Finance Agency (NDHFA) is a state government housing finance agency headquartered in Bismarck, North Dakota, that administers affordable housing programs for residents of the state. Its core mandate covers four program areas: homeownership financing (FirstHome mortgage loans, down payment and closing cost assistance, the Homeowner Assistance Fund for hardship cases), affordable rental housing resources, project financing for affordable housing developers, and homeless services coordinated through the Interagency Council on Homelessness. The agency serves individual home buyers, renters, homeowners in distress, housing developers, participating mortgage lenders, real estate agents, property managers, and nonprofit homeless service providers across North Dakota.

Name

North Dakota Housing Finance Agency

Legal name

North Dakota Housing Finance Agency

Website

https://ndhfa.org

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

North Dakota Housing Finance Agency is a state government housing finance agency that provides affordable mortgage financing, down payment assistance, rental housing resources, project financing, and homeless services to North Dakota residents through a statewide network of participating lenders and agents.

Ownership category

akta.pro rank

Headquarters

HQ city

Bismarck

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Mortgage Loan Servicing: NDHFA services mortgage loans originated through its FirstHome and other homeownership programs. Revenue is generated through interest income on mortgage portfolios and servicing fees charged to borrowers for account management, payment processing, and document requests.
2. Loan Origination Fees and Interest: Revenue from interest payments on mortgage loans and fees associated with loan origination, processing, and servicing through the network of participating lenders.
3. State Funding and Grants: As a state agency, NDHFA receives appropriations and administers federal and state housing funds for affordable housing development, homeless programs, and homeowner assistance programs.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

NDHFA is a state housing finance agency that provides government-backed affordable mortgage programs (including the FirstHome product), down payment and closing cost assistance, the Homeowner Assistance Fund for hardship relief, affordable rental housing resources, project financing for housing developers, and statewide homeless services coordinated through the Interagency Council on Homelessness. The agency services its own mortgage portfolio through an online borrower portal with ACH payment processing, escrow management, and account self-service, and distributes loan origination through a network of participating lenders and FirstHome real estate agents across North Dakota.

Product overview

The North Dakota Housing Finance Agency (NDHFA) operates a web-based service platform centered on its NDHFA Online Access Portal, which serves both borrowers and participating lenders. The portal provides self-service account management, payment processing (ACH-based), and document access. NDHFA's core programs include Homeownership Programs for prospective home buyers, the Homeowner Assistance Fund (HAF), Affordable Rental Housing Programs, Project Financing and Development programs, and Homeless Programs. Borrower-facing online services include escrow management, automatic payment plans, and access to mortgage account information. Lender-facing services include registration, training, and account access. The agency also provides resources, forms, and housing data for loan customers, lenders, real estate agents, and investors.

Differentiator

Problem solved

Functional benefit

Products and services

• Homeownership Programs (FirstHome) Mortgage programs and financing assistance for prospective home buyers in North Dakota, including access to participating lenders and FirstHome Agents.
• Homeowner Assistance Fund (HAF) Financial assistance program for existing homeowners facing hardship, providing support for mortgage payments and related housing costs.
• Affordable Rental Housing Programs Programs and resources helping renters find affordable housing options throughout North Dakota.
• Project Financing and Development Programs Financing programs for housing development projects, including multi-family housing, community development, and affordable housing construction.
• Homeless Programs State-coordinated homeless services and programs, including the Interagency Council on Homelessness and coordination with local service providers.
• NDHFA Online Access Portal Web-based portal providing borrowers and participating lenders secure online access to loan accounts, payment processing, and account management services.

Named customers6 records

Segments6 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• MetroPlains ManagementminorOthersProperty management company handling the Alberta Heights housing community. Provides FAQs and updates for residents and can be contacted regarding fire-related information and property management issues.
• Participating Lenders NetworkcoreChannel Partner/ Reseller/ DistributorNetwork of banks, credit unions, and mortgage lenders authorized to originate loans under NDHFA programs. Lenders must register and complete training to participate in the program. They serve as the primary origination channel for NDHFA mortgage products.
• FirstHome AgentscoreChannel Partner/ Reseller/ DistributorNetwork of real estate agents trained to work with home buyers using NDHFA FirstHome programs. Agents guide buyers through the home purchase process and connect them with participating lenders.
• Interagency Council on HomelessnesscoreStrategic or Co-development PartnerStatewide council coordinated by NDHFA that brings together agencies addressing homelessness. Meets regularly to coordinate homeless services and housing programs across North Dakota.
• North Dakota Office of State Tax CommissionercoreStrategic or Co-development PartnerState agency that administers the Primary Residence Credit program, a property tax credit for ND homeowners. NDHFA coordinates with this agency on escrow analysis and tax payments for borrowers.
• HUD Approved Housing Counseling AgenciesminorStrategic or Co-development PartnerReferral resource for homeowners seeking counseling services. NDHFA provides a list of HUD-approved counseling agencies to help borrowers with financial planning, foreclosure prevention, and home buying.
• OK Native Assets for ActionminorStrategic or Co-development PartnerOrganization providing free financial coaching to tribal citizens. NDHFA references this resource for Native American borrowers seeking financial counseling.

Scale indicators1 record

Recent moves6 records

Expansion highlights2 records

Broad incumbents

• HUD (U.S. Department of Housing and Urban Development): Federal housing agency that funds and oversees many NDHFA programs including FHA mortgage insurance, Continuum of Care homeless programs, and HOME Investment Partnerships. Acts as primary federal funding source and regulatory counterpart.
• Fannie Mae: Government-sponsored enterprise providing secondary mortgage market liquidity and affordable housing programs. NDHFA loans are often sold to or securitized by Fannie Mae, making it a key counterparty and broad functional incumbent in the affordable housing finance ecosystem.
• Freddie Mac: Government-sponsored enterprise supporting affordable housing finance through mortgage purchasing and securitization. Comparable role as secondary market partner for state HFAs including NDHFA.
• USDA Rural Development: Federal agency providing rural housing loans and grants through the Single Family Housing Direct Loan Program. Overlaps with NDHFA's rural North Dakota market focus and offers competing affordable rural mortgage products.

Emerging players

• NeighborWorks America: Federally chartered nonprofit network supporting affordable housing and community development through local NeighborWorks organizations. Provides housing counseling and foreclosure prevention services that complement NDHFA's homeowner assistance programs.

Direct peers

• Montana Board of Housing: Montana's state housing finance agency operating mortgage programs, bond financing, and affordable housing initiatives. Highly comparable given similar rural geography, bond-funded mortgage model, and small-state operating scale.
• Minnesota Housing Finance Agency: Minnesota's state housing finance agency offering directly comparable FirstHome mortgage programs, down payment assistance, rental housing, and project financing. Closest functional peer given shared mission, program structure, and bond-financed mortgage model.
• South Dakota Housing Development Authority: Neighboring state's housing finance authority administering mortgage origination, down payment assistance, and affordable rental development programs. Comparable in scope, regulatory model, and rural market focus to NDHFA.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ndhfa

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about North Dakota Housing Finance Agency