
Disaster Assistance
In 2005, CommunityWorks provided
financing to help families recover in the aftermath of severe weather. Through Bank of North Dakota’s disaster loan program, CommunityWorks performed
origination and the initial financing for four loans (totaling $37,837 in
financing) that helped homeowners to
make necessary repairs to their homes that had been damaged by storms in the
past year.
In addition, CommunityWorks assisted a couple that had been caught in the devastating path of Hurricane Katrina. By providing them with an affordable mortgage to purchase their home, they were able to start their lives over again in North Dakota.