Gate City Bank Announces Low Interest Home Revitalization Program
Gate City Bank has contributed $ 10 million to a home improvement loan program for six cities in North Dakota and central Minnesota, including Grand Forks.
The goal of the loan program is to revitalize mature neighborhoods and help local homeowners make repairs and improvements with low-interest loans of $ 10,000 to $ 75,000. The application period for the program is now open and ends on October 31.
“Creating a better way of life for our clients, communities and other members of our team is at the core of Gate City Bank’s identity,” said Jeana Marshall, vice president of personal loan operations. “We are very excited to see where these local partnerships can benefit homeowners and communities. “
Improvements eligible for the Home Improvement Program range from patio additions and new garages to security repairs, including furnace replacement and accessibility improvements. The funds can be used to address code and structural fixes, energy upgrades and general property improvements. A total of $ 10 million has been allocated in 2021 for programs in the following cities: Grand Forks, Fargo, West Fargo, Wahpeton, Moorhead, Minn. and Fergus Falls, Minn.
Applications must be received by October 31, and projects must be within city limits. Each project is subject to credit qualification and home assessment. Applications are reviewed on a first come, first served basis, and each location may offer varying rates and information.
More information on the home improvement program can be found by calling 701-293-2400, or by visiting gatecity.bank/about-us/home-improvement-programs.
Gate City Bank was founded in 1923. The bank employs over 735 team members at 43 locations in 22 communities in North Dakota and central Minnesota, and has been named one of the “50 Best Places to Work” seven years in a row by Prairie Revue d’Entreprise.