ND disaster loan apps available starting Thursday

BISMARCK, N.D. (AP) — Bank of North Dakota President Eric Hardmeyer says flood-ravaged homeowners will be able to begin applying for disaster loans on Thursday.

The loans are part of a disaster relief package approved during the recent special session of the Legislature. The state-owned bank is administering a $50 million program that offers $30,000, 20-year loans at 1 percent interest to homeowners who have been victimized by this year's flooding.

The state Industrial Commission last week approved guidelines for the Rebuilders Loan program. Homeowners in the counties of Barnes, Benson, Burleigh, McHenry, Morton, Ramsey, Renville, Richland and Ward are eligible to apply. Attorney General Wayne Stenehjem (STEN’-juhm) says officials expect more than 1,500 families to apply through local banks and credit unions. The application deadline is next Sept. 30.

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