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The City of Fargo and Gate City Bank Announce $2 Million Investment in Neighborhood Revitalization Initiative

Low-interest loans for qualifying home improvements are available March 18 through October 31


Gate City Bank has once again partnered with The City of Fargo on the Neighborhood Revitalization Initiative (NRI), contributing $2 million to help keep the community’s mature neighborhoods strong. The program provides homeowners with low-interest loans to address qualifying property repairs and improvement projects.

Mayor Dr. Tim Mahoney remarked, “We truly appreciate Gate City Bank for this outstanding partnership that has helped hundreds of homeowners repair and renovate their properties. Year after year, this program drives investment in Fargo’s core neighborhoods, which are integral to the city’s past, present and future. Through this innovative public-private initiative, we are diligently working together to enhance our neighborhoods and strengthen our community.”

Gate City Bank originally made the NRI available to Fargo residents in 2003 and has since contributed $104 million across its footprint. Qualifying homeowners have used the low-interest loans to make updates that range from patio additions and new garages to furnace replacements and accessibility improvements.

“At Gate City Bank, we’re beyond thankful for the communities we call home, and we’re proud to invest in them so they remain beautiful for years to come,” said Jeana Marshall, Vice President of Personal Lending Operations. “We’re excited to continue growing this local partnership with The City of Fargo, which is greatly benefiting homeowners and neighborhoods.”

Loans are available to finance new improvement projects not yet under construction and may be used for items such as structural corrections, energy upgrades and general property improvements. Other important details of the initiative include:
• Homes must be 40 years or older
• Residences must be occupied by their owners
• The assessed value of homes must be less than $275,000
• Participating homes must be located within the NRI boundary

Applications are reviewed on a first-come, first-served basis as funds are available. The deadline to apply is Oct. 31, 2024. For more information, visit

Terms and conditions may apply. Loans can range from $10,000 to $100,000 and have repayment options of 10 or 15 years with an annual percentage rate (APR) as low as 5.16%.* Gate City Bank is an Equal Housing Lender. Member FDIC.

*A $50,000 home equity loan at a 4.98% interest rate for 120 monthly payments of $534.20 will have a 5.16% annual percentage rate.