COMMUNITY CAPITAL LOAN HELPS FINANCE CITY HALL IMPROVEMENTS
Photo Caption: Kristen Gendron (left), United Communications, and Marty Tetrault (right), Cavalier Electric Cooperative, present a loan check to Langdon City Auditor Roxanne Hoffarth (center).
LANGDON, ND – Langdon City Hall will soon be more welcoming to residents, thanks in part to a $75,000 community capital loan provided by the Rural Development Finance Corporation (RDFC). Founded in 1994 by North Dakota’s rural electric and telecommunications cooperatives, RDFC helps rural communities and businesses grow by offering low-interest financing.
“Renovations to Langdon City Hall will provide much needed space and ensure our facilities are accessible to people of all abilities,” says Langdon City Auditor RoxAnne Hoffarth. “We are excited and grateful for the low interest financing provided by the Rural Development Finance Corporation, which helped propel this project forward.”
The project includes improvements to existing office spaces and the meeting room where city commission meetings are held and the installation of a file room. In addition, the bathrooms will be upgraded to meet the accessibility guidelines established by the Americans with Disabilities Act.
Founded in 1994 by North Dakota’s rural electric and telecommunications cooperatives, the Rural Development Finance Corporation (RDFC) is a nonprofit corporation that encourages economic diversification and community vitality through the generation of funding that supports sustainable asset building. Funding for RDFC programs comes from fee income generated by Dakotas America LLC, a community development entity providing New Market Tax Credits in economically distressed census tracks across the United States. Support is provided by the North Dakota Association of Rural Electric Cooperatives.