Gate City Bank
07/05/2022 | Press release | Distributed by Public on 07/05/2022 06:43
Gate City Bank Partners With North Dakota to Launch Homeowner Financial Relief Program
July 5, 2022
FARGO, ND - In partnership with Gate City Bank, the state of North Dakota has launched a relief program to assist homeowners impacted by financial hardships related to the COVID-19 pandemic.
The North Dakota Homeowners Assistance Fund (HAF) will help homeowners at risk of housing instability due to past due mortgage payments, utilities or related property expenses, as well as assist those who may be struggling to maintain stable housing for other financial reasons. These funds are intended to complement solutions offered by mortgage servicers such as Gate City Bank and will be known in North Dakota as "ND Help for Homeowners."
"We're grateful for the opportunity to spearhead this program, along with the state of North Dakota," said Sue Anderson, Senior Vice President of Lending Solutions. "With this federal funding, we're so excited to get involved and continue to help our customers make mortgage payments, breathe a sigh of relief and just overall create a better way of life."
Applications for the ND Help for Homeowners program will open July 5, 2022, and funding will be available on a first come, first served basis. Income limits and conditions apply.
Learn more about additional COVID-19 support from Gate City Bank.
About Gate City Bank
A $3.1 billion mutual bank founded in 1923, Gate City Bank is the region's leading financial institution, as well as the #1 mortgage lender in North Dakota. The bank employs more than 770 team members at 43 locations in 22 communities across North Dakota and central Minnesota. The bank believes in creating a better way of life for customers, communities and team members, and it has contributed $33.5 million in philanthropic giving and more than 266,000 hours of team volunteerism since 2003. Additionally, Forbes has placed Gate City Bank at #2 in the U.S. on its list of the World's Best Banks. The bank has also been named one of the "50 Best Places to Work" eight years in a row by Prairie Business magazine.