Wed, Feb 14th, 2024 - 2:00pm
July 13, 2018 - 1:12pm | By Chris Larson
The City of Fargo and Gate City Bank have announced an investment by Gate City Bank in Fargo’s Neighborhood Revitalization Initiative (NRI) Program. The bank has created a two million dollar loan pool for the NRI program. The program offers an interest rate of 3-point-59 percent APR. It is available to homeowners of an owner-occupied residence that is 40 years or older, and the home’s assessed value must be less than $250,000. The maximum amount of the loan through the NRI program is $75,000. The deadline to apply is October 31, 2018. For more information, go to www.fargond.gov/NRI.