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Real Estate Agents Recognized By Housing Finance Agency - September 22, 2008
MINOT, ND - The North Dakota Housing Finance Agency (NDHFA) honored six real estate agents with Champion of Affordable HOusing Awards during the 2008 North Dakota/South Dakota REALTORS® Convention.
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Industrial Commission Approves Three Renewable Energy Grants - August 4, 2008
BISMARCK - The North Dakota Industrial Commission has approved three Renewable Energy Program grants for research projects at the Energy & Environmental Research Center (EERC) in Grand Forks.
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Kringstad Named ND Pipeline Authority Director - August 1, 2008
BISMARCK - The North Dakota Industrial Commission (NDIC) today named Justin J. Kringstad as director of the North Dakota Pipeline Authority.
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Rehab Accessibility Funding Available to Assist Disabled - June 25, 2008
BISMARCK - The Industrial Commission approved the distribution of $100,000 in Rehab Accessibility Program (RAP) funds today.
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Oil Production Breaks Historic High - June 13, 2008
BISMARCK, ND - North Dakota's monthly oil production hit a new record in April, reaching 150,578 barrels a day (BOPD).
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Governor Hoeven Lauds 529 College Savings Day: A Time to Plan for the Higher Education of North Dakota's Children - May 29, 2008
BISMARCK - Gov. John Hoeven proclaimed today North Dakota's "529 College Savings Day" -- a day that signifies the importance of higher education to North Dakota families and their futures.
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Westmoreland Coal Co. Withdraws From Lignite Vision 21 Program - May 20, 2008
BISMARCK - The North Dakota Industrial Commission announced today that Westmoreland Coal Company has withdrawn from the Lignite Vision 21 Program.
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Bank of North Dakota's Net Earnings Increase - April 22, 2008
BISMARCK - Building upon its groundbreaking year in 2006, Bank of North Dakota (BND) exceeded performance expectations in 2007.
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Commission Approves Distribution of Housing Grants - April 22, 2008
BISMARCK - The Industrial Commission of North Dakota has approved the distribution of up to $450,000 in grant funds through the North Dakota Housing Finance Agency's (NDHFA) Helping Housing Across North Dakota (Helping HAND) program.
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Agency Allocates Tax Credits To Housing Developers - April 22, 2008
BISMARCK - The Industrial Commission announced today that conditional commitments for $2.3 million in Low Income Housing Tax Credits (LIHTC) have been granted by the North Dakota Housing Finance Agency (NDHFA).
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Homeownership Program Income Limits Increased - March 26, 2008
BISMARCK - The Industrial Commission of North Dakota has approved increases in the income limits for the North Dakota Housing Finance Agency's (NDHFA) mortgage loan programs.
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Bank of North Dakota Holds Grand Opening - March 7, 2008
BISMARCK - Bank of North Dakota celebrated its Grand Opening today in its new location at 1200 Memorial Highway in Bismarck.
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State Agency Recognizes Affordable Housing Champions - February 25, 2008
BISMARCK - The North Dakota Housing Finance Agency (NDHFA) recognized five lenders and two housing advocates as Champions of Affordable Housing during their 2008 Statewide Housing Conference.
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Loan Guarantees Available For Rural Housing Development - December 20, 2007
BISMARCK - The Industrial Commission of North Dakota has approved a pilot program of the North Dakota Housing Finance Agency (NDHFA) to provide loan guarantees to lenders who finance affordable single family housing construction in rural communities.
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Tax Credits Available For Housing Development - December 20, 2007
BISMARCK - The North Dakota Industrial Commission has approved the 2008 Low Income Housing Tax Credit (LIHTC) Allocation Plan, making more than $2 million worth of tax credits available to developers.
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Great Northern Power Development and Industrial Commission Announce Coal Gasification Project at South Heart - November 20, 2007
BISMARCK, N. D. - The North Dakota Industrial Commission and representatives from Great Northern Power Development, L. P. (GNPD) and Allied Syngas Corporation (Allied Syngas) today announced a $1.4 billion coal gasification project at South Heart to produce pipeline quality natural gas.
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Industrial Commission Approves Renewable Energy Grant Program Guidelines - October 24, 2007
The North Dakota Industrial Commission, at a recent meeting, acted on the recommendations from the Renewable Energy Council regarding guidelines for a Renewable Energy Grant program.
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Research Shows Economic Impact of Oil and Gas Industry - October 17, 2007
BISMARCK - A new study shows that North Dakota's oil and gas industry generated $3.9 billion in total business activity for 2005, making it one of the state's largest industries.
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Real Estate Agents Recognized By Housing Finance Agency - September 18, 2007
BISMARCK - The North Dakota Housing Finance Agency (NDHFA) recently honored five local real estate agents with Champion of Affordable Housing Awards at the 2007 North Dakota/South Dakota REALTORS® Convention.
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Bank of North Dakota Marks 40 Years of Student Loan Lending - August 8, 2007
BISMARCK - In 1967, Bank of North Dakota (BND) made the first federally insured student loan in the United States.
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Tax Credits Allocated for Affordable Housing Development Projects - July 23, 2007
BISMARCK - The Industrial Commission announced today that the North Dakota Housing Finance Agency (NDHFA) has granted conditional commitments for more than $2 million in Low Income Housing Tax Credits (LIHTC) to support the construction or rehabilitation of more than 300 affordable rental units across North Dakota.
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Industrial Commission/Pipeline Authority Comments on TransCanada Keystone Pipeline - June 27, 2007
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Industrial Commission Continues Funding For Gascoyne Site - June 27, 2007
BISMARCK - The North Dakota Industrial Commission today authorized continued funding of $10 million to Westmoreland Power, Inc. for a 500-megawatt power plant near Gascoyne, after the other partner withdrew from the project.
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Rehab Accessibility Program Funding Increased Grant Dollars Available To Retrofit Housing - June 27, 2007
BISMARCK - The Industrial Commission has approved a second major funding increase in less than a year for the North Dakota Housing Finance Agency (NDHFA) Rehab Accessibility Program (RAP).
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New North Dakota Bill provides tax incentives through College SAVE - June 27, 2007
BISMARCK - Gov. John Hoeven recently signed into law an enhancement that allows for an in-state tax deduction and funding for a matching grant program on behalf of North Dakota families saving for college through North Dakota's 529 plan, College SAVE.
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Bank of North Dakota Enhances DEAL Loan Program - June 22, 2007
BISMARCK - Bank of North Dakota (BND) has enhanced its Dakota Education Alternative Loan (DEAL) program by giving borrowers a choice between fixed or variable interest rates on loans disbursed on or after July 1, 2007.
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North Dakota Pipeline Authority Supports Proposed Pipeline Expansion - June 15, 2007
BISMARCK - The State Industrial Commission today backed the proposed expansion of the Enbridge North Dakota Pipeline System.
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Makelky Named ND Pipeline Authority Director - May 29, 2007
BISMARCK - The North Dakota Industrial Commission (NDIC) today named Mark J. Makelky as North Dakota Pipeline Authority Director.
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Bank of North Dakota Reports Record-Breaking Year - April 19, 2007
BISMARCK - Bank of North Dakota (BND) performance exceeded expectations in 2006. Net bank earnings increased 18 percent to $42.9 million, up $6.4 million from 2005. BND's total assets in 2006 grew 13 percent to $2.33 billion.
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Bank of North Dakota To Assist In Financing New Transmission Line - April 12, 2007
The North Dakota Industrial Commission announced today the approval of a loan to Basin Electric Power Cooperative for the building of a new electric transmission line.
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Helping HAND Funding Increased, Grant Distribution Approved - March 20, 2007
BISMARCK - The Industrial Commission has approved a sizable funding increase for the North Dakota Housing Finance Agency (NDHFA) Helping Housing Across North Dakota (Helping HAND) Program.
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North Dakota Housing Agency Recognizes Affordable Housing Champions - March 7, 2007
BISMARCK - The North Dakota Housing Finance Agency (NDHFA) recognized six of their housing partners as Champions of Affordable Housing at the 2007 Statewide Housing Conference.
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HFA Awards First Market Survey Grant to City of Williston - March 7, 2007
BISMARCK - The North Dakota Housing Finance Agency (NDHFA) presented the City of Williston with a $5,000 Housing Market Survey Grant during the Statewide Housing Conference.
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Tax Credits Targeted To Rural, Elderly And Preservation Projects - February 22, 2007
BISMARCK - The Industrial Commission has approved the North Dakota Housing Finance Agency's (NDHFA) 2007 Low Income Housing Tax Credit (LIHTC) Allocation Plan.
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Rehab Accessibility Program Grant Allocation Increased - December 15, 2006
BISMARCK - The Industrial Commission has approved a significant funding increase for the North Dakota Housing Finance Agency's (NDHFA) Rehab Accessibility Program (RAP).
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Bank of North Dakota Makes Changes to Its Alternative Student Loan Program - December 7, 2006
BISMARCK - The Bank of North Dakota (BND) today announced that it has made changes to its Dakota Education Alternative Loan (DEAL), beginning in January 2007. The DEAL is a state loan program which provides additional financial support to students who are unable to obtain adequate funds through federal student aid programs.
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Bank of North Dakota Reduces Fees, Selects Upromise as Plan Manager, Adds Vanguard Investment Option to College SAVE - November 9, 2006
BISMARCK - The Bank of North Dakota (BND) today announced that it has enhanced College SAVE, North Dakota's 529 college savings plan by lowering overall plan costs, changing the investment line-up to feature investments from The Vanguard Group, and linking to the free Upromise Rewards Service.
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Tabor Named Acting ND Transmission Authority Director - October 19, 2006
BISMARCK - The North Dakota Industrial Commission (NDIC) today named Sandi Tabor as the Acting North Dakota Transmission Authority Director.
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Agency to Offer Housing Development Loans to Rural Communities - October 19, 2006
BISMARCK - The Industrial Commission approved a new loan program today to help address the housing shortage that many rural North Dakota communities are experiencing.
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Homeless Technical Assistance Grants Approved - October 19, 2006
BISMARCK - The Industrial Commission approved a technical assistance grant package today that will aid targeted communities and reservations in the development and implementation of plans to end homelessness.
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North Dakota Industrial Commission approves Spirit Energy Power Plant Grant - September 26, 2006
BISMARCK - The North Dakota Industrial Commission recently approved a $2 million grant for development of the Spirit Energy Power Plant Project.
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Real Estate Agents Recognized By Housing Finance Agency - September 22, 2006
BISMARCK - The North Dakota Housing Finance Agency (NDHFA) honored six real estate agents with Champion of Affordable Housing Awards at the 2006 North Dakota/South Dakota REALTORS® Convention.
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Housing Finance Agency Will Reimburse Tax - September 22, 2006
BISMARCK - The North Dakota Housing Finance Agency (NFHFA) has received approval from the Industrial Commission to offer reimbursement of the federal recapture tax to their FirstHome program users.
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New Programs Benefit Rural Communities - September 22, 2006
BISMARCK - The North Dakota Industrial Commission has approved two new Housing Finance Agency programs for rural communities.
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North Dakota's Probable Oil Reserves Over 660 Million Barrels - September 22, 2006
BISMARCK - North Dakota has total probable oil reserves of over 660 million barrels, according to a study released today by the State Industrial Commission.
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Bakken Formation Reserve Estimates - July, 2006
Executive Summary and discussion.
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State Mill and Elevator Reports Record Profits - August 16, 2006
Grand Forks - The North Dakota Mill today reported record profits of $6.2 million for fiscal year 2006, a seven percent increase over fiscal year 2005 earnings of $5.8 million.
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Developers Granted Housing Credit Commitments - July 28, 2006
Bismarck - The Industrial Commission announced today that the North Dakota Housing Finance Agency (NDHFA) has granted conditional commitments for more than $2 million in low income housing tax credits(LIHTC).
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North Dakota Industrial Commission Thanks Participants for Their Work on the FutureGen Facility Proposal - July 25, 2006
Bismarck - The North Dakota Industrial Commission today expressed their disappointment in the North Dakota site at Gascoyne not making the final list of projects to host the $1 billion FutureGen Facility.
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Bank of North Dakota Provides Disaster Relief Loan Programs to Combat Drought Conditions - July 13, 2006
Bismarck - The Bank of North Dakota (BND) will provide low interest rate disaster relief programs for North Dakota farmers, ranchers and business owners impacted by recent extreme weather conditions.
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Commission Approves Helping Hand Grant Distribution - June 9, 2006
Bismarck - The Industrial Commission of North Dakota has approved the distribution of $250,000 in grant funds through the North Dakota Housing Finance Agency's (NDHFA) Helping Housing Across North Dakota (Helping HAND) Program.
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Rehab Accessibility Program Receives Funding - June 8, 2006
Bismarck - The Rehab Accessibility Program (RAP), offering grant dollars for the renovation of properties occupied by low-income people with physical disabilities, has received funding approval from the Industrial Commission.
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North Dakota Mill Employee, Todd Peterson, Named 2006 Milling Operative of the Year - June 5, 2006
Bismarck, ND - The North Dakota Industrial Commission extends its congratulations to Todd Peterson, North Dakota State Mill, Grand Forks, North Dakota on receiving the 2006 Milling Operative of the Year Award at the recently held 110th International Association of Operative Millers Conference and Expo.
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North Dakota Industrial Commission approves funding for front-end engineering and design study for proposed McLean County coal-to-liquids facility - May 22, 2006
BISMARCK - The North Dakota Industrial Commission today approved the Lignite Research Council's recommendation that up to $10 million be available from the state's Lignite Research, Development and Marketing Program to assist with a front-end engineering and design (FEED) process study as part of a plan to construct and operate a coal-to-liquids (CTL) plant in McLean County, North Dakota.
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North Dakota's Proved Oil Reserves Over 550 Million Barrels - April 24, 2006
BISMARCK - North Dakota has total proved oil reserves of over 550 million barrels, according to a comprehensive study released by the State Industrial Commission.
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Bank of North Dakota Continued to Grow in 2005 - April 20, 2006
BISMARCK - The Bank of North Dakota (BND) continued to grow last year, investing in the state and setting a new performance record.
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Commission Wants More New North Dakotans to Take Root - April 20, 2006
BISMARCK - The Industrial Commission of North Dakota has relaxed the employment restrictions attached to North Dakota Roots, a homeownership incentive program administered by the North Dakota Housing Finance Agency (NDHFA).
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First-Time Homebuyers Offered Greater Purchase Flexibility - March 31, 2006
BISMARCK - The Industrial Commission of North Dakota has approved an increase in the purchase price and income limits for several North Dakota Housing Finance Agency (NDHFA) mortgage loan programs, and opened up a purchase assistance program to higher income levels.
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Housing Finance Agency Expands Homeownership Program - March 31, 2006
BISMARCK - The Industrial Commission of North Dakota has approved the expansion of the North Dakota Housing Finance Agency's (NDHFA) HomeAccess program to elderly and single-parent households. Previously, HomeAccess was limited to permanently disabled applicants.
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BND Pays Origination Fees for Student Loans - February 22, 2006
BISMARCK - The Bank of North Dakota (BND) announced today it will pay the three percent origination fee for all Stafford loans obtained for the college academic year from July 1, 2006 to June 30, 2007.
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Burgess Appointed Lignite Research, Development and Marketing Director - November 22, 2005
BISMARCK - The Industrial Commission has appointed Jeff Burgess as Research and Development Director for the Lignite Energy Council and Technical Representative to the Commission.
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Mike Anderson Named Housing Finance Agency Executive Director - November 22, 2005
BISMARCK - The Industrial Commission today named Michael A. Anderson as Executive Director of the North Dakota Housing Finance Agency (NDHFA).
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2005 Agency Reports Record Housing Credit Allocation - October 24, 2005
BISMARCK - The Industrial Commission announced today that conditional commitments have been granted for more than $3 million in Low Income Housing Tax Credits(LIHTC).
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2005 Housing Agency Honors Real Estate Brokers and Agents - September 16, 2005
BISMARCK - The North Dakota Housing Finance Agency (NDHFA) presented Champion of Affordable Housing Awards to four local real estate agents and brokers at the 2005 North Dakota/South Dakota REALTORS® Convention.
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2005 State Mill and Elevator Reports Record Profits - August 23, 2005
GRAND FORKS - The North Dakota Mill today reported record profits of $5.8 million for fiscal year 2005, a three percent increase over fiscal year 2004 earnings of $5.6 million.
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2005 Moody's Investors Service Upgrades Housing Program Bond Rating - August 11, 2005
BISMARCK - The Industrial Commission announced today that Moody's Investors Service has upgraded the North Dakota Housing Finance Agency's (NDHFA) Housing Finance Program Bonds to an Aa1 rating.
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2005 Housing Finance Agency Advisory Board Chairman, Vice Chairman Named - August 11, 2005
BISMARCK - The North Dakota Industrial Commission has reappointed Gerald Eid of Fargo as Chairman of the North Dakota Housing Finance Agency (NDHFA) Advisory Board, and has selected Ron Jordan, also of Fargo, as vice chairman.
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2005 Industrial Commission approves new BND loans for feedlots and businesses - July 27, 2005
BISMARCK - The Industrial Commission has approved new Bank of North Dakota (BND) loan programs for promoting cattle feeding and handling livestock waste in addition to business PACE loans.
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2005 Housing Rehab Program Grant Dollars Available - June 29, 2005
BISMARCK - The Industrial Commission announced today that the North Dakota Housing Finance Agency (NDHFA) has $25,000 in Rehab Assistance Program (RAP) funds available for single or multifamily properties occupied by low-income people with physical disabilities.
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2005 Helping Hand Grant Dollars Approved for Distribution - June 29, 2005
BISMARCK - The North Dakota Industrial Commission has approved $250,000 in grants though the North Dakota Housing Finance Agency's (NDHFA) Helping Housing Across North Dakota (Helping HAND) Program.
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2005 BND Creates Disaster Relief Loan Programs for Victims of Recent Weather Related Events - June 24, 2005
BISMARCK - The Bank of North Dakota (BND) has created low interest rate disaster relief loan programs for North Dakota residents impacted by the recent weather related events.
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2005 Housing Finance Agency Executive Director Search Committee Named - June 22, 2005
The North Dakota Industrial Commission has appointed a five-person committee to find a successor for Pat S. Fricke, who retires Sept. 1 as Housing Finance Agency executive director.
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Geological Survey Releases "Prehistoric Life Of North Dakota" Poster - May 24, 2005
BISMARCK - Every school in North Dakota has received a new, full color poster depicting dinosaurs and other prehistoric animals that once lived in the state.
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Bank of North Dakota Reports Record Profits in 2004 - April 20, 2005
BISMARCK - The Bank of North Dakota (BND) realized a record year for profitability in 2004, with net bank earnings of $34.2 million, an increase of eight percent from $31.7 million in 2003. Loans grew by $65 million or 4.6 percent pushing total assets to $2.01 billion.
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Housing Agency Launches Homeownership Initiative for Disabled - March 17, 2005
BISMARCK - The North Dakota Housing Finance Agency (NDHFA) has received approval from the state's Industrial Commission to launch a homeownership initiative called HomeAccess that will provide low-interest mortgage loans to disabled individuals and their families.
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NDHFA Recognizes Champions of Affordable Housing - 2005 - March 17, 2005
BISMARCK - The North Dakota Housing Finance Agency (NDHFA) recognized six housing partners as Champions of Affordable Housing at the 2005 Statewide Housing Conference.
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Commission Increases Program limits for First-Time Buyers - March 8, 2005
BISMARCK - The Industrial Commission of North Dakota has increased the purchase price and income limits for the North Dakota Housing Finance Agency's (NDHFA) FirstHome, Start and HomeKey mortgage loan programs.
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Credits Available for Affordable Rental Housing Development - March 8, 2005
BISMARCK - The Industrial Commission of North Dakota has approved the 2005 Low Income Housing Tax Credit (LIHTC) Allocation Plan, making more than $2 million in housing credits available.
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Bank of North Dakota Receives Royalties on Technology - January 3, 2005
BISMARCK - The Bank of North Dakota (BND) has earned $650,000 in royalties for use of its proprietary software used to guarantee student loans. The Priority Guaranty System (PGS) software owned by BND was jointly developed by the bank and Priority Technologies, Inc. (PTI) of Omaha, NE.
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Statewide Overview of Housing Supply and Demand Trends Released - December 28, 2004
BISMARCK - The Industrial Commission of North Dakota has released "The North Dakota Statewide Housing Needs Assessment", detailing the changes that have occurred in the state's housing stock over the past decade. The 170-page document also forecasts likely future shifts in supply and demand, based on current housing and population trends.
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Industrial Commission of North Dakota Will Support Transmission Authority Legislation - September 22, 2004
BISMARCK - The Industrial Commission of North Dakota announced today it would support legislation to establish a state-authorized Transmission Authority as another tool toward developing additional electric transmission facilities.
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Housing Agency Recognizes Real Estate Industry Support - September 20, 2004
BISMARCK - The North Dakota Housing Finance Agency (NDHFA) recently presented Champion of Affordable Housing Awards to four local real estate Agents and brokers at the 2004 North Dakota/South Dakota REALTORS® Convention.
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Rental Rehab Assistance Program Grants Approved - August 24, 2004
BISMARCK - The North Dakota Industrial Commission has approved the distribution of 12 Rental Rehab Assistance Program (RRAP) grants totaling more than $63,000.
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First-Time Homebuyers Receive More Financing Assistance - June 30, 2004
BISMARCK - The Industrial Commission has expanded the home mortgage assistance programs available to first-time homebuyers through the North Dakota Housing Finance Agency (NDHFA).
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Bank of North Dakota Continues Trend of Solid Performance - April 23, 2004
BISMARCK - The Bank of North Dakota (BND) reported a solid loan performance in 2003 with a net income of $31.7 million.
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Rental Rehab Program Grant Dollars Available - March 31, 2004
BISMARCK - Owners of rental properties occupied by low-income people with physical disabilities may qualify for the Rental Rehab Assistance Program (RRAP).
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Industrial Commission Appoints Citizens to NDHFA Advisory Board - March 31, 2004
BISMARCK - The North Dakota Industrial Commission recently appointed Ninetta Wandler, Dickinson; Lisa Rotvold, Hillsboro and Ron Jordan, Fargo to the North Dakota Housing Finance Agency (NDHFA) Advisory Board.
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Helping HAND Grant Dollars Approved For Distribution - March 24, 2004
BISMARCK - The Industrial Commission of North Dakota has approved the distribution of $250,000 in grant funds through the North Dakota Housing Finance Agency's (NDHFA) Helping Housing Across North Dakota (Helping HAND)program.
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NDHFA To Allocate Credits For Affordable Rental Housing Development - March 24, 2004
BISMARCK - The Industrial Commission has approved the 2004 Low Income Housing Tax Credit (LIHTC) Allocation Plan, making more than $2 million in tax credits available in North Dakota.
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Program Limits Increased For First-Time Homebuyers - March 1, 2004
BISMARCK - The Industrial Commission has increased the purchase price and income limits statewide for the North Dakota Housing Finance Agency's (NDHFA) Home Mortgage Finance Program (HMFP), better known as the "First-Time Homebuyer Program".
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Champions of Affordable Housing Recognized - March 1, 2004
BISMARCK - The North Dakota Housing Finance Agency (NDHFA) recently recognized six housing partners as Champions of Affordable Housing at the annual Statewide Housing Conference.
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Industrial Commission Approves Oil and Gas Research Council - January 30, 2004
BISMARCK - The Industrial Commission has approved new policies for obtaining grants from the newly created Oil and Gas Research Fund.
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Realtors and Brokers Designated Housing Champions - September 12, 2003
BISMARCK - The North Dakota Housing Finance Agency (NDHFA) honored four members of the North Dakota real estate industry with Champion of Affordable Housing Awards during the 2003 North/South Dakota REALTORS Convention.
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Housing Credits Awarded To Developers - More Than $1.4 Million Remains Available - August 11, 2003
BISMARCK - The Industrial Commission has awarded $967,831 in Low Income Housing Tax Credits (LIHTC) to finance the construction or rehabilitation of seven North Dakota properties.
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Industrial Commission Receives New Book - Geology of the Lewis and Clark Trail in North Dakota - July 25, 2003
BISMARCK - The three history enthusiasts who make up the North Dakota Industrial Commission agree that Geology of the Lewis and Clark Trail in North Dakota is a "must read" for anyone interested in the story of the famous Lewis and Clark Expedition.
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Industrial Commission approves new loan program to provide farm real estate guarantees - July 25, 2003
BISMARCK - The Industrial Commission earlier this week approved a new loan program providing farm real estate guarantees.
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BND introduces new student loan program for truck driver training - July 25, 2003
BISMARCK - The Industrial Commission approved earlier this week a new loan program called Drivers Education Student Loan (DESL) to be offered by the Bank of North Dakota to assist students enrolled in a state-offered truck drier training program.
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Harms to Represent Industrial Commission - July 11, 2003
BISMARCK - The Industrial Commission announced today that Bob Harms will be joining the lignite, research, development and Marketing program representing the Commission.
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Student Loan Interest Rates Will Drop to an All-Time Low - June 18, 2003
BISMARCK - Interest rates for federal student loans will hit an all-time low in July, Bank of North Dakota (BND) officials told the State Industrial Commission today.
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First-Time Homebuyer Mortgage Rates Lowest In History - May 30, 2003
BISMARCK - Families seeking to purchase their first home may benefit from the new interest rates offered by the North Dakota Housing Finance Agency (NDHFA).
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Bank of North Dakota Reports a Solid Performance in 2002 - April 17, 2003
BISMARCK - The Bank of North Dakota (BND) turned in a solid performance with net income of $32.2 million in 2002. Despite economic doldrums and geopolitical uncertainty, BND exceeded its budgeted income target by nearly $1 million and ended the year financially sound.
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Industrial Commission Approves Helping Hand Grants - April 17, 2003
BISMARCK - The Industrial Commission of North Dakota approved the distribution of $250,000 in grant funds through the North Dakota Housing Finance Agency (NDHFA) Helping Housing Across North Dakota (Helping HAND) Program today.
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First-Time Homebuyer Program Limits Increased Statewide - March 26, 2003
BISMARCK - The Industrial Commission has increased the purchase price and income limits statewide for the Home Mortgage Finance Program, better known as the First-Time Homebuyer Program.
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Credits Available for Development of Affordable Housing - March 26, 2003
BISMARCK - The Industrial Commission has approved the 2003 Low Income Housing Tax Credit (LIHTC) Allocation Plan, making $2 million in housing credits available.
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NDHFA Recognizes Champions of Affordable Housing - February 12, 2003
BISMARCK - The North Dakota Housing Finance Agency (NDHFA) recently recognized seven housing partners as Champions of Affordable Hosing at the annual Statewide Housing Conference. Awards were presented in the Lender, Housing Production and Leadership categories.
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Bank of North Dakota offers reduced student loan interest rates on State-funded Alternative Loans to those in Active Duty Service - February 4, 2003
BISMARCK - Student Loan borrowers called to active duty service can qualify for a reduced interest rate on funds borrowed through the State's alternative loan programs Dakota Education Alternative Loan (DEAL) and the Medical DEAL at Bank of North Dakota (BND).
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2003 North Dakota Housing Conference 'Celebrating 20 Years of Affordable Housing Partnerships' - January 30, 2003
BISMARCK - 'Celebrating 20 Years of Affordable Housing Partnerships', the annual conference of the North Dakota Housing Finance Agency (NDHFA), will be held Feb. 5-6 at the Seven Seas Inn, Mandan.
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Commission Wants People To Take Root In North Dakota - January 3, 2003
BISMARCK - The State Industrial Commission has approved a housing initiative called "ND Roots", designed to attract new and former residents to North Dakota.
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Bank of North Dakota Announces Interest Rate Reduction for Student Loans Paid via Automatic Payment Withdrawal - December 31, 2002
BISMARCK - The Industrial Commission today approved a student loan borrower benefit of a .25% interest rate reduction on Bank of North Dakota (BND) student loans and loans BND services on behalf of the North Dakota Student Loan Trust.
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North Dakota Industrial Commission receives Lignite Vision 21 status report - December 31, 2002
BISMARCK - Members of the North Dakota Industrial Commission (NDIC) received status reports today from John Dwyer, president of the Lignite Energy Council, regarding Lignite Vision 21 (LV 21) studies being conducted by three applicants that have expressed interest in building a low-emissions, lignite-based electric generating station in North Dakota.
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Bank of North Dakota unveils new CD-ROM as a one-stop shop for students and parents seeking college information - December 12, 2002
BISMARCK - The Industrial Commission and Bank of North Dakota (BND) today unveiled "College Connection Center", a new, innovative CD-ROM, which is a computer CD that is in read only format.
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Rental Rehab Grants Dollars Awarded - November 22, 2002
BISMARCK - The State Industrial Commission has approved seven Rental Rehab Assistance Program (RRAP) grants.
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Housing Credits Awarded For Affordable Rental Development - September 25, 2002
BISMARCK - The Industrial Commission has awarded $1,838,743 in federal housing credits to finance the construction or rehabilitation of nine properties, creating 221 affordable rental units.
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Rental Rehab Program Funds Available For 2002 - September 17, 2002
BISMARCK - The Industrial Commission announced today that approximately $31,000 in Rental Rehab Assistance program (RRAP) funding is available for rehabilitation of rental property occupied by low-income people with physical disabilities.
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Champion of Affordable Housing Awards Presented - September 17, 2002
BISMARCK - The North Dakota Housing Finance Agency (NDHFA) presented four Champion of Affordable Housing Awards to members of the North Dakota real estate industry during the North Dakota Association of Realtors State Convention, Sept. 11 - 13, in Grand Forks.
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North Dakota Mill Achieves Process Improvement Certification - August 21, 2002
GRAND FORKS, ND - The North Dakota Mill, a leading manufacturer of wheat flour and durum products, has been recognized for the outstanding way in which it produces and delivers products of the highest quality. The Mill was awarded the ISO 9001:2000 Certificate of Registration (Certificate) from SRI Quality System Registrar, Inc., Wexford, PA.
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Federal Housing Credits Still Available - May 23, 2002
BISMARCK - A minimum of $750,000 worth of Low Income Housing Tax Credits (LIHTC) best known as Housing Credits, are still available from the North Dakota Housing Finance Agency (NDHFA).
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Moody's Assigns A2 Issuer Rating and Aa2 Bond Rating To NDHFA - May 14, 2002
BISMARCK - One of the world's leading investment rating firms has given high marks to the North Dakota Housing Finance Agency (NDHFA) and to the agency's housing finance program bonds. Moody's Investors Service has assigned an A2 (with stable outlook) Issuer Rating to the North Dakota Housing Agency and has also upgraded NDHFA's housing finance program bonds from an Aa3 to an Aa2 rating.
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Bank of North Dakota Continues Record Performance Trend - April 24, 2002
BISMARCK - The Bank of North Dakota (BND) continued its trend of record growth and profitability in 2001, with a net income for the year exceeding $33.1 million, an increase of 1.5 percent from $32.6 million in 2000. Total assets grew 16.7 percent to a record $2.1 billion.
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Helping HAND Grants Approved - April 24, 2002
BISMARCK - The Industrial Commission of North Dakota approved the distribution of $250,000 in grant funds through the North Dakota Housing Finance Agency's Helping Housing Across North Dakota (Helping HAND) Program today.
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Housing Finance Agency Launches New Web Options - April 10, 2002
BISMARCK - The North Dakota Housing Finance Agency (NDHFA) has improved its web site - www.ndhfa.org - providing clients and other users with easier access tot he agency's services and other information.
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BND Implements Leading-edge Student Loan Technology - March 14, 2002
BISMARCK - Bank of North Dakota (BND) has entered into a partnership agreement with a technology company to provide the bank with leading edge technology to better serve student loan customers.
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Low Income Housing Tax Credits Available 2002 - March 14, 2002
BISMARCK - The North Dakota Industrial Commission approved the 2002 Low Income Housing Tax Credit (LIHTC) Allocation Plan today, making $2 million in housing credits available.
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First-Time Homebuyer Program Purchase Price Limits Change - March 14, 2002
BISMARCK - The North Dakota Industrial Commission has adjusted the purchase price limits on previously occupied homes in eight counties for the Home Mortgage Finance Program, better known as the First-Time Homebuyers Program.
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2002 North Dakota Housing Conference - 'Pursuing the North Dakota Dream' - February 1, 2002
BISMARCK - "Pursing the North Dakota Dream", the annual conference of the North Dakota Housing Finance Agency (NDHFA), will be held Feb. 6 and 7 at the Radisson Hotel in Bismarck. Special guests include John Carson, Housing and Urban Development (HUD), Region 8 director; and Rob Levin, executive vice president of Housing and Community Development for Fannie Mae. Governor John Hoeven, Agriculture Commissioner Roger Johnson and Attorney General Wayne Stenehjem will also make remarks during the conference.
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2001 Helping HAND Funds Available - December 20, 2001
BISMARCK - The Industrial Commission has approved $250,000 from the North Dakota Housing Finance Agency (NDHFA) for the Helping Housing Across North Dakota (Helping HAND) Program to meet housing needs for low-income people at the local level.
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Rental Rehab Funds Awarded - November 27, 2001
BISMARCK - The North Dakota Industrial Commission has approved 10 grants totaling $36,524 to modify existing rental units to meet the needs of people with physical disabilities.
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NDHFA Expands Champion of Affordable Housing Awards - November 2, 2001
BISMARCK - The North Dakota Industrial Commission has expanded the North Dakota Housing Finance Agency (NDHFA) Champion of Affordable Housing Awards program by adding two new categories: Leadership and Housing Production.
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Realtors Receive Champion of Affordable Housing Awards 2001 - September 14, 2001
BISMARCK - The North Dakota Housing Finance Agency (NDHFA) presented four Champion of Affordable Housing Awards to members of the North Dakota real estate industry during the annual North Dakota and South Dakota Realtor Convention, Sept. 12-14, in Spearfish, SD.
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BND Announces New College Savings Plan - September 4, 2001
BISMARCK - The Industrial Commission today unveiled a new plan to help families save money for future college expenses.
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Burgess to Assist Lignite Vision 21 Program - September 4, 2001
BISMARCK - Gov. John Hoeven, Chairman of the Industrial Commission and John Dwyer, President of the Lignite Energy Council, announced today that Jeff Burgess will serve as Manager of the Environmental Services for the Lignite Vision 21 Program.
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Rental Rehab Funds Available - August 23, 2001
BISMARCK - The Industrial Commission announced that approximately $36,500 in grant funds are available to owners of rental property occupied by low-income people with physical disabilities. Applications for the Rental Rehab Assistance Program (RRAP), which is administered by the North Dakota Housing Finance Agency (NDHFA), must be received by close of business on Friday, September 28.
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Hardmeyer Named Bank of North Dakota President - August 14, 2001
BISMARCK - The Industrial Commission today named Eric Hardmeyer as president of the Bank of North Dakota.
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Helping HAND Funds Approved 2001 - July 18, 2001
BISMARCK - Recently the Industrial Commission approved $235,000 in funds for the Helping Housing Across North Dakota (Helping HAND) Program, which is designed to address demonstrated unmet housing needs for low-income people. Funding for this program comes from the North Dakota Housing Finance Agency (NDHFA).
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Industrial Commission Approves Funding for Montana-Dakota utilities Co. To Explore Feasibility of New "Lignite Vision 21" Power Plant Near Gascoyne, ND - May 2, 2001
BISMARCK - The Industrial Commission of North Dakota today approved the Lignite Research Council's unanimous recommendation that up to $10 million be available from the state's Lignite Research, Development and Marketing Program to assist Montana Dakota Utilities Co. in its efforts to develop a new power plant in North Dakota under the Lignite Vision 21 Project.
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Helping HAND Funds Available 2001 - May 2, 2001
BISMARCK - Today, the Industrial Commission approved $250,000 in funds for the Helping Housing Across North Dakota (Helping HAND) Program, which is designed to address unmet housing needs at the local level for low-income people. Rehabilitation of existing housing is the most common funds usage. Funding for this program comes from the North Dakota Housing Finance Agency (NDHFA). There is a nominal local funds match requirement.
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Industrial Commission Approves Funding for Great River Energy To Explore Feasibility of New "Lignite Vision 21" Power Plant - April 19, 2001
BISMARCK - The Industrial Commission of North Dakota today approved the Lignite Research Council's unanimous recommendation that up to $10 million be available from the state's Lignite Research, Development and Marketing Program to assist Great River Energy in its efforts to develop a new power plant in North Dakota under the Lignite Vision 21 Project.
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More People Eligible for First-Time Homebuyers Program - April 19, 2001
BISMARCK - More North Dakotans now qualify for first-time homebuyer loans through the North Dakota Housing Finance Agency (NDHFA).
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BND Continues Record Performance Trend - April 19, 2001
BISMARCK - The Bank of North Dakota (BND) continued its trend of record growth and profitability in 2000, with a net income for the year exceeding $32.6 million, an increase of 6.9% from $30.5 million in 1999. Total assets grew 7.1% to a record $1.81 billion.
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Purchase Price Limits Increased for First-Time Homebuyer Program - March 1, 2001
BISMARCK - The North Dakota Industrial Commission has increased the purchase price limits on previously occupied homes in eight counties for the popular First-Time Homebuyer Program.
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Interest in Lignite Vision 21 Project Growing as Companies Submit Grant Applications for Gascoyne Site - March 1, 2001
BISMARCK - Two companies -- Montana Dakota Utilities Co., Bismarck, ND, and Westmoreland Power, Inc. (a wholly owned subsidiary of Westmoreland Coal Company), Colorado Springs, CO, -- have submitted applications for matching funds available under the North Dakota Lignite Research, Development and Marketing Program for the development of the Lignite Vision 21 Project near Gascoyne, ND. Up to $10 million in matching funds are available through the Lignite Vision 21 Project.
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Lower Interest Rates Available for First-Time Home Buyers - February 13, 2001
BISMARCK - More than 850 North Dakotans could potentially have a better chance of owning their first home due to the recent sale of mortgage revenue bonds by the North Dakota Housing Finance Agency (NDHFA). Today the Industrial Commission announced that funds are available through participating lenders at lower interest rates.
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Great River Energy Files Grant Application To Explore Feasibility of New "Lignite Vision 21" Power Plant - February 2, 2001
BISMARCK - Karlene Fine, Executive Director of the Industrial Commission of North Dakota, and John Dwyer, President of the Lignite Energy Council and Chairman of the Lignite Research Council, announced today that Great River Energy, which operates North Dakota's Coal Creek Station and Stanton Station, has applied for $10 million in matching funds under the state's Lignite R and D Program for the development of the Lignite Vision 21 Project.
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NDHFA HomeWork Program Creates New Homeownership Opportunities - January 29, 2001
BISMARCK - The Industrial Commission has approved HomeWork, a new pilot program intended to create new homeownership opportunities for North Dakotans.
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2001 North Dakota Housing Conference "Housing Challenges and Opportunities" - January 15, 2001
BISMARCK - "Housing Challenges and Opportunities", the annual conference of the North Dakota Housing Finance Agency (NDHFA), will be held Wednesday and Thursday, Jan. 17-18, at the Seven Seas Inn and Conference Center in Mandan.
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NDHFA Introduces HomeKey Program - November 22, 2000
BISMARCK - As many as 500 North Dakotans may have a better chance of owning their own home due to the new HomeKey Pilot Program available through the North Dakota Housing Finance Agency (NDHFA). The Industrial Commission approved the HomeKey program at a recent meeting and set aside special funds to reduce the interest rate for certain first-time homebuyers.
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Application Deadline Extended For Rental Rehab Funds - October 19, 2000
BISMARCK - The application deadline for the Rental Rehab Assistance Program (RRAP) has been extended to November 3. Applications must be received by close of business at the North Dakota Housing Finance Agency (NDHFA). These grant funds may only be used to address the needs of very low-income people who have physical disabilities. Approximately $41,000 in grant funding is available to owners of rental property.
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Realtors Receive Champion of Affordable Housing Awards 2000 - September 14, 2000
BISMARCK - The North Dakota Housing Finance Agency (NDHFA) presented four Champion of Affordable Housing awards to members of the real estate industry during the annual North Dakota and South Dakota Realtor Convention, Sept. 13-15, in Minot.
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Rental Rehab Funds Available For 2000 - September 5, 2000
BISMARCK - Recently the Industrial Commission announced that approximately $41,000 in grant funds are available to owners of rental property. These grant funds may only be used to address the needs of very low-income people who have physical disabilities. Applications for the Rental Rehab Assistance Program (RRAP), which is administered by the North Dakota Housing Finance Agency (NDHFA), must be received by close of business on Friday, October 13.
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Industrial Commission Approves R and D Projects - September 5, 2000
Governor Edward T. Schafer, Attorney General Heidi Heitkamp and Commissioner of Agriculture Roger Johnson approved funding of three North Dakota lignite projects on August 24, 2000. The three North Dakota Industrial Commission members approved $267,500 from the Lignite Research, Development and Marketing Program for the projects, and also approved grant application deadline dates for 2001 (January 1, May 1 and September 1).
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Industrial Commission Recommends Matching Funds For Lignite Vision 21 Project - August 24, 2000
In an effort to further the largest economic development project in the state, the Industrial Commission of North Dakota today recommended that up to $10 million be made available in matching demonstration project funds for the Lignite Vision 21 Project.
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Helping HAND Funds Approved For 2000 - July 24, 2000
On July 20, 2000 the Industrial Commission approved $250,000 in funds for the Helping Housing Across North Dakota (Helping HAND) Program, which is designed to address demonstrated unmet housing needs for low-income people. Funding for this program comes from the North Dakota Housing Finance Agency (NDHFA).
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NDHFA Issues New Bonds in 2000 - July 20, 2000
First-time home buyers can now get a better buy when they purchase a home through the First-Time Homebuyer Program which is administered by the North Dakota Housing Finance Agency (NDHFA). Today the Industrial Commission announced that NDHFA has issued bonds and added new funds to maintain a continuous supply of program funding.
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Disaster Relief Program Approved - June 28, 2000
The Industrial Commission today approved a disaster relief program to assist North Dakota residents who have been impacted by the recent flooding along the Red River Valley.
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Johnsrud Family Recognized For Contribution - May 18, 2000
The North Dakota Industrial Commission has honored a Williston family, Clarence and Clarice Johnsrud, for its donation of $200,000 to enhance the North Dakota Geological Survey's fossil resource management program.
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Homeownership Finance in Indian Country - May 15, 2000
The North Dakota Housing Finance Agency (NDHFA) will sponsor a free, one-day training session--"Homeownership; Finance in Indian Country"--to help lenders and tribes gain more insight into financing options for home loans within Indian reservations.
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New Advisory Board Members Appointed for NDHFA - April 6, 2000
The North Dakota Industrial Commission recently appointed four new Advisory Board members for the North Dakota Housing Finance Agency (NDHFA). They are: Will Laintz, Bismarck; Michael Orness, Devils Lake; Laurie Parisien, Hazen; and Becky Knight, New Town.
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NDHFA Receives Approval to Fund Home Loans on Indian Reservations - March 27, 2000
Today the North Dakota Industrial Commission authorized the North Dakota Housing Finance Agency (NDHFA) to purchase home loans on Indian reservations under its Indian Finance Initiative. NDHFA will work with the four North Dakota tribes and lenders across the state to set up a program to carry out the Initiative.
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Low Income Housing Tax Credits Available For 2000 - March 17, 2000
The North Dakota Industrial Commission recently approved the 2000 Low Income Housing Tax Credit Allocation Plan. Copies of the Allocation Plan and Application are now available from the North Dakota Housing Finance Agency (NDHFA). April 28 is the deadline to apply for the first round of Housing Credits, with approximately $650,000 in Housing Credits available. The deadline for the second round of applications is set for July 14 when the balance of this year's total $1.3 million in Housing Tax Credits will be available.
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Industrial Commission Approves Two Lignite R and D Projects - March 17, 2000
Governor Edward T. Schafer, Attorney General Heidi Heitkamp and Commissioner of Agriculture Roger Johnson approved funding for two lignite projects that will help keep the existing lignite power plants competitive and ensure lignite use in future plants, while maintaining North Dakota's air quality. On March 8, 2000, the North Dakota Industrial Commission approved $361,000 from the Lignite Research, Development and Marketing Program for the two projects.
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Grand Forks Area Flood Report Available - February 16, 2000
A comprehensive analysis of flood problems in the Grand Forks area with recommendations for dealing effectively with future floods is contained in a new report presented Wednesday to the North Dakota Industrial Commission.
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NDHFA Issues New Bonds - February 1, 2000
Do you dream of owning your own home? Have you been saving and scrimping to have money for a down payment? If so, this is the perfect time to get serious. The Industrial Commission has announced that the North Dakota Housing Finance Agency (NDHFA) has issued bonds and now has $55 million in new funds available for first-time homebuyers.
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