Mar. 6—GRAND FORKS — City Council members were briefed Monday by Gate City Bank on the Home Improvement Partnership Loan Program.
Andrew Conlon, a senior community development planner with the city, said the program provides funds for qualifying homeowners to make improvements to their properties. Some of the criteria to qualify for the program are that the assessed value of a house needs to be $275,000 or less and everything will need to be zoned appropriately, as well as other credit-related prerequisites. The interest rates for the program this year range from 3% to 3.5%
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