ProgramsLewis & Clark Development Group
DREAM Fund – Single Family Homes
Essential Public Employee Program (EP2)
The Essential Public Employee Program (EP2) is a down payment and closing cost assistance program for individuals employed by a city, county, school district, medical or long-term care facility, the state of North Dakota, or others as determined by Lewis & Clark Development Group.
Loans are up to $10,000 with interest rates as low as two percent (4%) for up to ten years. All eligible applicants must meet minimum down payment requirements. The EP2 Program can be used to avoid mortgage insurance for a more affordable down payment. This program works with any bank or credit union in North Dakota.
SBA 504 Program
The SBA 504 Loan provides businesses with fixed-rate financing for the purchase of long-term assets. Proceeds can be used for the purchase of land, building, and equipment as well as to finance eligible closing costs. The 504 loan is made in conjunction with the borrowers’ local financial institution, which provides a first mortgage for up to 50% of the project cost.
For more information on getting a small business loan in ND, contact Ashley Hruby at 701.667.7607 or at firstname.lastname@example.org.
North Dakota Opportunity Fund
The North Dakota Opportunity Fund leverages private financing to help small businesses and manufacturers attain the loans and investments need to expand and create jobs. A consortium of 38 municipalities across North Dakota has received funding for operating the loan participation program.
For more information on the North Dakota Opportunity Fund contact Matt Burthold at 701.667.7601 or at email@example.com.
Regional Loan Programs
The Lewis & Clark Regional Development Council has a variety of loan programs to fit the needs of businesses in a ten-county region. Businesses located in Burleigh, Emmons, Grant, Kidder, McLean, Mercer, Morton, Oliver, Sheridan, and Sioux counties are eligible for a variety of loan programs.
For more information on the Regional Loan Programs Fund, contact Matt Burthold at 701.667.7601 or at firstname.lastname@example.org.
Meat and Poultry Intermediary Lending Program (MPILP)
The Meat and Poultry Intermediary Lending Program (MPILP) is provided through a USDA Rural
Development grant to Lewis & Clark Development Group to provide loans to expand existing meat
processing businesses and build new operations throughout North Dakota – one of America’s top ten
beef producing states.
For more information about MPILP, contact Chris Masse at 701.667.7602 or at email@example.com.
Multi-Family Loans & Housing Development
Housing Development Financing
The Lewis & Clark Development Group assists real estate developers by:
- Partnering with housing developers on low-income or affordable single or multi-family housing projects.
- Providing financing through our DREAM II Fund, which provides financing for pre-development, acquisition, and construction of low-income and affordable single or multi-family housing.
Community Development Block Grants
Community Development Block Grants are available to local governments located in the ten county region consisting of Burleigh, Emmons, Grant, Kidder, McLean, Mercer, Morton, Oliver, Sheridan, and Sioux counties. Generally, projects must benefit at least 51% low to moderate income persons.
Funds can be used for public facilities and infrastructure, housing rehabilitation, and planning activities.
Home Buyer Education
NDHFA, CommunityWorks North Dakota, and The Village Family Service Center have partnered to provide individuals and families with access to eHome America’s online Homebuyer Education program.
The full course is available online and can be completed at your convenience. You’ll learn about the home buying process from start to finish – what you can afford, how to choose the right house, lender and mortgage, and what financial assistance may be available to you.
The cost is $99 per registration. To receive a discount that will lower the fee to $30, use the coupon code HOME30 when you register. Register at www.ehomeamerica.org/ndhfa.