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Gate City contributes $3-million to housing fund

FARGO (KFGO-AM) -- Gate City Bank has given North Dakota's housing finance agency $3-million for the state's housing incentive fund.

The fund provides low-cost financing for multi-family housing for essential service workers and low-to-moderate income households.

The support from Gate City has pushed the fund beyond its halfway goal of $20-million.

The legislature reauthorized the program earlier this year.

Gate City contributed $1.5-million to the housing incentive program last year.

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