Loans are available for Moorhead homeowners at annual interest rates starting at 2.26%.
Written By:
News staff | ×
MOORHEAD The city of Moorhead and Gate City Bank have launched the Neighborhood Impact Program to provide low-interest loans to help homeowners in the city reinvest in the properties.
The loans, which range in value from $10,000 to $75,000 and have annual interest rates starting at 2.26%, are conducted with the benefit of inspection services from the city to help homeowners identify necessary repairs and make improvements to older homes. The Neighborhood Impact Program is great for Moorhead residents and our whole community, Moorhead Mayor Shelly Carlson said via news release. Home improvements keep our housing stock in good condition and our neighborhoods strong.
City of Moorhead, Gate City Bank announce $2M Investment in Loan Program am1100theflag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from am1100theflag.com Daily Mail and Mail on Sunday newspapers.
Northpointe Bank and Seeds of Promise Partnership Helps Homeowners Repair and Improve Their Homes
News provided by
Share this article
Share this article
GRAND RAPIDS, Mich., Jan. 21, 2021 /PRNewswire/ Northpointe Bank believes in the value of building trusted life-long relationships with the communities it serves. One of the ways Northpointe does this is by accessing grant funds from the Federal Home Loan Bank (FHLB) of Indianapolis each spring to provide assistance to low and moderate income borrowers in Kent County. Many homeowners require critical repairs to their homes and often lack the resources needed to complete the repairs. Through a collaboration with Seeds of Promise, a local nonprofit, Northpointe helps administer the FHLBI s Neighborhood Impact Program to provide grants up to $7,500 to eligible homeowners in the community. These funds are used to restore their homes roofs, windows, siding, exterior doors, furnaces and water heaters.