New loans address North Dakota infrastructure needs

October 21, 2015

During the 2015 Legislative Session, the North Dakota Legislature added three new loan programs to BND’s offerings. These programs are designed to help meet various infrastructure needs in the state.

The Medical PACE Program provides an interest buydown to help finance critical access hospital medical expansion or improvement projects in communities of less than 20,000 people.

The School Construction Loan Program funds construction and permanent financing in eligible North Dakota school districts. Projects may include new school construction or remodeling projects approved by the superintendent of public instruction.

The BND Infrastructure Loan Fund provides loans to political subdivisions for essential infrastructure projects involving new construction such as water main upgrades, road expansion, and other needs.

These three programs are examples of how BND works to serve the sometimes rapidly changing needs of the state. By partnering with local financial institutions and communities, we help maintain a bright future for North Dakota.

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