WEST FARGO, N.D. – A Neighborhood Revitalization program is offering low-interest loans to homeowners in West Fargo, north of Interstate 94, to renovate their homes. The program, in partnership with Gate City Bank, provides 10- or 15-year loans at rates starting at 4.49% APR.
Eligibility and Program Details
To be eligible, homeowners must:
- Own and live in a single-family home valued at less than $300,000
- Be located north of I-94
- Have projects costing $10,000 to $100,000
The program is available for improvements that address:
- Code and structural corrections
- Energy improvements
- General property improvements
Project Requirements
Projects must include at least one of the following:
- Foundation work
- Major exterior improvements
- Addition of bedroom or living space
- Major interior remodeling
- Replacement of major mechanical systems
- Conversion of a rental unit into an owner-occupied home
- Sewer/water connection replacements
Application and Funding
Since its inception in 2019, the program has issued approximately $1.9 million in loans to 57 different projects. Applications are currently open until October 31. Interested homeowners can find more information and apply at https://www.westfargond.gov/894/Neighborhood-Revitalization-Program.