In Depth: It will take some time before housing affordability improves

In Depth: It will take some time before housing affordability improves

By Casey Quinlan for the North Dakota Monitor  (Source: North Dakota Monitor) -- Inflation is slowing and job growth has surged, but many Americans still feel the burden of expensive housing – fueled in part by high demand, low inventory and mortgage rates. Home prices across the U.S. rose 5.5% over the past year in December 2023 and they are projected to increase 2.8% year over year by December...

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‘Close to perfect’ financing package helped Old 10 open new Bismarck location

‘Close to perfect’ financing package helped Old 10 open new Bismarck location

When it opened in August 2019, it did not take long for Old 10 Bar & Grill to become one of the most popular eating establishments in the Bismarck-Mandan area. Prominently located on Mandan's Main Street, Old 10 became a go-to place for quick lunch, a family dinner out, and a great atmosphere to watch a game while sipping a brew.  Then the COVD pandemic hit.  “When we opened Mandan, we...

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Public-private partnership making Century View Apartments possible, warmer weather advancing construction on the project

Public-private partnership making Century View Apartments possible, warmer weather advancing construction on the project

The much warmer than normal winter has been a boon for the construction industry, which has been especially beneficial for work on the new Century View Apartments in northeast Bismarck. The $11.2 million project is yet another collaboration between CommunityWorks North Dakota and CR Builders (formerly known as Mountain Plains Equity Group). When completed, Century View will provide 40 units of...

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“A solid return on investment”: NDOF provides annual support for Small Business Development Centers

“A solid return on investment”: NDOF provides annual support for Small Business Development Centers

Since 2012, the North Dakota Opportunity Fund has disbursed almost $35 million in loan proceeds to businesses located throughout its consortium of 38 North Dakota communities and municipalities.  For several years now, the NDOF steering committee has awarded an average of $15,000 annually to help meet the operational needs of North Dakota Small Business Development Centers (SBDC) throughout the...

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Add one regional business loan, one great business plan, and bake for success

Add one regional business loan, one great business plan, and bake for success

It’s easy to find in downtown New Salem. Just look for the bright red door. Once you step over the threshold, you’ll be greeted by the rich fragrance of coffee and the sweet scents of a hometown bakery. There is something about a small town coffee shop and bakery that is as American as, well, apple pie. And once you’re there, you’ll likely be greeted by owner Malinda Ellingson whose passion for...

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LCD Group, USDA and state officials celebrate opening of NoDak Meats

LCD Group, USDA and state officials celebrate opening of NoDak Meats

(Credits and Sources: KFGO Radio News / USDA Rural Development) -- On January 5, Lewis & Clark Development Group joined USDA Rural Development StateDirector Erin Oban and North Dakota Ag Commissioner Doug Goehring  in Steele for a ceremonial ribbon-cutting celebrating the grand opening of NoDak Meats, LLC.  Owned by Scott Sandquist, the Steele-located meat processing facility received a...

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“A tremendous opportunity”: FHLB member lenders can positively impact affordable housing by partnering with CommunityWorks

“A tremendous opportunity”: FHLB member lenders can positively impact affordable housing by partnering with CommunityWorks

The Federal Home Loan Bank of Des Moines (FHLB Des Moines) has selected North Dakota to be part of its Member Impact Fund and CommunityWorks North Dakota needs your help.   For a limited time, all FHLB member institutions can partner with CommunityWorks through a matching grant program that will provide up to $3 for every $1 of member's grants to CommunityWorks.   All grant funds and matching...

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LCD Group awarded $1 million grant to rehabilitate multi-family apartments in Rolla

LCD Group awarded $1 million grant to rehabilitate multi-family apartments in Rolla

CommunityWorks North Dakota has been awarded a $1 million federal grant through the Federal Housing Finance Agency to rehabilitate a multi-family housing complex in Rolla, North Dakota. The grant, made available through the Federal Home Loan Bank's Affordable Housing Program (AHP), will allow CommunityWorks to significantly renovate Sandlot Apartments, a 47-unit facility housing fixed-income...

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Ekstrom reappointed to Federal Home Loan Bank Des Moines Advisory Council

Ekstrom reappointed to Federal Home Loan Bank Des Moines Advisory Council

Federal Home Loan Bank of Des Moines (FHLB Des Moines) recently re-appointed Brent Ekstrom, executive director, Lewis & Clark Development Group, to its Affordable Housing Advisory Council (Advisory Council) representing the state of North Dakota. Ekstrom began his three-year term on January 1, 2024.   “I am happy to announce the re-appointment of Brent to the Advisory Council. He brings a...

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In 2023, LCD Group financed $2.1 million in loans through Revolving Loan Funds

In 2023, LCD Group financed $2.1 million in loans through Revolving Loan Funds

"It was a good year." That's the assessment Lewis & Clark Development Group Commercial Lending Director Matt Burthold offers when he looks back on the projects financed through the organization's myriad of Revolving Loan Funds (RLFs) in 2023. According to Burthold, LCD Group awarded loans in excess of $2.1 million to businesses throughout North Dakota.  The genius of RLFs is in their...

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