Successfully ported to ARM, so now you can build novacoind & novacoin-qt for Linux/ARM just like you do it for Linux on x86 platforms.

novacoin@raspberrypi ~/.novacoin $ /opt/novacoin/novacoind getinfo
{
    "version" : "v0.4.4.4-19-g928869d-beta",
    "protocolversion" : 60009,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "newmint" : 0.00000000,
    "stake" : 0.00000000,
    "blocks" : 41565,
    "timeoffset" : -28,
    "moneysupply" : 504308.93980800,
    "connections" : 16,
    "proxy" : "",
    "ip" : "109.188.124.39",
    "difficulty" : 292.45476415,
    "testnet" : false,
    "keypoololdest" : 1379090817,
    "keypoolsize" : 101,
    "paytxfee" : 0.01000000,
    "errors" : ""
}
novacoin@raspberrypi ~/.novacoin $ uname -a
Linux raspberrypi 3.6.11+ #474 PREEMPT Thu Jun 13 17:14:42 BST 2013 armv6l GNU/Linux
novacoin@raspberrypi ~/.novacoin $

Binaries tarball is available at sourceforge.

https://bitcointalk.org/index.php?topic=143221.msg3183214#msg3183214