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North Dakota Infrastructure Loan Fund

This funding record is inactive. Please see the program website or contact the program sponsor to determine if this program is currently accepting applications or will open again in the future.

Sponsor
Bank of North Dakota
Deadlines
Sep 21, 2018
Contact

701.328.5795
Online contact form

Purpose

The Bank of North Dakota Infrastructure Loan Fund provides financing to political subdivisions for repair, replacement, and new infrastructure projects.

Funds may be used for:

  • Water or wastewater treatment plants
  • Sewer, storm sewer, and water lines
  • Transportation infrastructure
  • Other infrastructure needs

Applications are prioritized based on economic impact, health, safety, and eligibility for other financing sources.

Eligibility

Political subdivisions in North Dakota are eligible to apply.

To qualify, the community must access other state and federal government funding options first. This loan may be used to provide gap funding if the full project cost cannot be met through other funding sources or if there are no other funding sources available.

Geographic coverage
North Dakota
Amount of funding

Cumulative loan amounts may not exceed $15,000,000 per applicant.

$19,000,000 is available during this application cycle.

Interest is a 2.00% fixed rate for a financing period not to exceed 30 years. The borrower is responsible for all closing costs associated with the loan.

Application process

Contact the Bank of North Dakota by phone (701.328.5795) or through the online contact form to request an application.

Tagged as
Capital funding · Infrastructure · Transportation · North Dakota



For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only. RHIhub does not take part in application processes or monitor application status.