Home Loans

DREAM Fund – Single Family Homes

The DREAM Fund provides financing for first and second mortgages which traditional lending programs cannot provide. Terms and rates are flexible and adjusted to make the loan affordable.

For more information on the DREAM Fund, contact Lisa Pogatshnik at 701.667.7603 or at lisa@lcdgroup.org.

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.

For more information on EP2, contact Lisa Pogatshnik at 701.667.7603 or at lisa@lcdgroup.org.

Business Loans

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 ashley@lcdgroup.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 matt@lcdgroup.org.

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 matt@lcdgroup.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 chris@lcdgroup.org.

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.

For more information on our housing development financing programs, contact Lyle Hogue 701.667.7623 or at lyle@lcdgroup.org.

Community Development

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.

For more information on Community Development Block Grants, contact Lyle Hogue 701.667.7623 or at lyle@lcdgroup.org.

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.

Are you an individual, business, or government rep looking for funding?

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