Nodak Electric Cooperative is a member of the Rural Development Finance Corporation (RDFC). As a result, communities in our service area were eligible to apply for a grant of up to $2,000 for community-based projects. RDFC is making these funds available in order to make more people aware of their larger loan program that funds community-based projects and nonprofit entities with low interest loans.
RDFC has recently granted $2,000 to the City of Gilby, N.D. The shingles and underlayment of Gilby’s park shelter are deteriorating. The grant funds will be used to replace the materials and use steel for the roof to help with maintenance. The “Welcome to Gilby” sign located on the south edge of town will be updated and the plants in the planter will be refreshed as well.
The 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 U.S.
The North Dakota Association of Rural Electric Cooperatives provides support to RDFC.