Homeownership: Encouraging New Construction

Alaska Housing Finance Corporation:
Powering up Energy Efficient Homes in Alaska

New Home Construction Rebate Program addresses Alaska’s housing, rising building cost and affordability crisis. It offers a $10,000 rebate for new, energy efficient, owner-occupied homes that exceed the AHFC’s base energy efficiency standard. By incentivizing quality supply, the program successfully stimulated the market; 44% of homes built and rated in 2025 exceeded the base efficiency standard—the highest level since 2018. This ensures quality housing remains attainable for Alaska's families.

Georgia Department of Community Affairs/Georgia Housing and Finance Authority:
The Workforce Housing Initiative

OneGeorgia’s Workforce Housing Initiative works through public-private partnerships with local governments, local development authorities, and private developers to lower housing development costs. The Workforce Housing Initiative allows homebuilders to pass along those savings to homebuyers with lower purchase prices. The Initiative has also challenged local governments to tackle rezoning to make these developments feasible.

Housing New Mexico:
Zero Interest Homebuilder Program

The Zero Interest Homebuilder Program encourages builders and developers to build modest and affordable homes. The program offers development and construction loans to builders and developers at a zero-percent interest rate for a commitment by builders to produce homes meeting specific size and price requirements and purchased by moderate income homebuyers. The program not only provides affordable housing but brings significant economic benefit to the state.

North Dakota Housing Finance Agency:
Closing the Gap: Unlocking Rural Homebuilding

North Dakota Housing Finance Agency's Housing Incentive Fund Single-Family Development Program closes the appraisal gap that prevents new home construction in rural communities. Using targeted gap financing averaging $70,000 per home, the program has leveraged more than $14.8 million in housing investment — a 15:1 return on public dollars — across 12 rural communities, while prioritizing accessible, single-level homes that allow aging residents to remain in the communities they call home.

Oklahoma Housing Finance Agency:
Oklahoma Housing Stability Program Leads to Construction of Homes for Purchase

The Oklahoma Housing Stability Program’s Homebuilder Program is a bold, statewide investment transforming access to homeownership. By offering 0% interest construction loans covering up to 90% of costs, the program empowers builders to deliver high-quality, attainable homes where they’re needed most—especially in rural communities. Paired with buyer down payment assistance, it accelerates housing supply, strengthens local economies, and opens the door to homeownership for thousands of Oklahomans

South Dakota Housing Development Authority:
Housing Infrastructure Finance Program

On February 1, 2023, the Housing Infrastructure Fund was created to be administered by SD Housing for the purpose of making loans and grants for housing infrastructure projects. The state invested $150M in general funds plus $50M in ARPA funds, launching the program with a total of $200M. All infrastructure is required to be publicly owned and maintained upon project completion. The fund can provide up to 1/3 of the total project costs to the developer as a loan or grant.