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Detailed information and applications for financial assistance are available through the State Office of Rural Development.
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CONTACTS:
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Clare Carlson, State Director
Federal Building, Room 208
220 East Rosser Avenue
PO Box 1737
Bismarck, ND 58502-1737
TTY: 701-530-2113
701-530-2037
1-800-582-7584
Fax: 701-530-2180
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http://www.rurdev.usda.gov
William C. Davis, Native American Program Coordinator
Office of Community Development Liaison
Federal Building, Room 334
220 East Rosser Avenue
PO Box 1737
Bismarck, ND 58502-1737
TTY: 701-530-2113
701-530-2042
Fax: 701-530-2111
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| Community Facility (CF) Loan Guarantees |
| ELIGIBLE PURPOSES: |
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Rural Development can guarantee loans made by private lenders to improve, develop and construct essential community facilities in rural areas. Essential facilities include hospitals, health clinics, nursing homes, fire, rescue and police, community centers, recreational purposes, roads and streets, libraries, schools, criminal justice centers, etc. |
| ELIGIBLE APPLICANTS: |
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Non-profit corporations, federally recognized Indian Tribes, and public bodies. |
| ELIGIBLE LENDERS: |
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Federal or state chartered banks, savings and loan associations, bond banks and pools, and other lenders on a case by case basis. |
| ELIGIBLE AREAS: |
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Rural countryside and rural communities of up to 20,000 population. |
| MAXIMUM LOAN, RATES AND TERMS: |
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There is no maximum dollar amount. The amount loaned is usually determined by the amount needed to meet the applicant's needs and its ability to handle the repayment schedule. Interest rates (fixed and variable) and terms (maximum 40 years) are negotiable between the lender and borrower. |
| GUARANTEE: |
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The maximum percent of guarantee is 90 percent. A one time guarantee fee, equal to 1 percent of the loan, is due at the time the guarantee is issued. |
| CONTACT: |
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W. Sterling Breuer, Community Facility Specialist
USDA-Rural Development
Federal Building, Room 218
220 East Rosser Avenue
PO Box 1737
Bismarck, ND 58502-1737
701-530-2047
Fax: 701-530-2111
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http://www.rurdev.usda.gov |
Housing Program
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The primary objective of Rural Development's Housing Programs is to provide funding and technical assistance to rural residents and property owners for purchasing, renovating or constructing single family homes and multifamily units in North Dakota. |
| CONTACT: |
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Mark Wax, Housing Program Director
USDA Rural Development
220 East Rosser, Room 218
PO Box 1737
Bismarck, ND 58502-1737
701-530-2029
Fax: 701-530-2111
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Last Updated ( Thursday, July 17, 2008 )
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