Reinvest in Your Home and Neighborhood: Bismarck’s Neighborhood Reinvestment Initiative

If you’re a Bismarck homeowner with a property built before 1995, there’s a powerful new opportunity to enhance your home and add value to your neighborhood—without breaking the bank. The City of Bismarck, in partnership with Gate City Bank and Capital Credit Union, has launched the Neighborhood Reinvestment Initiative (NRI) to offer reduced-interest loans for eligible home improvement projects.

 

This program is designed to breathe new life into older homes and strengthen communities by encouraging reinvestment in Bismarck’s existing housing stock.

 

You might qualify if:

 

Whether you’re upgrading your roof, updating outdated plumbing, or modernizing your kitchen, eligible improvements can boost curb appeal and property value while helping revitalize your part of town.

 

Applications for the 2025 building season are open from March 17 through November 30, 2025—but funds are limited and awarded on a first-come, first-served basis. To apply, fill out either the Capital Credit Union or Gate City Bank application and email it to the City’s Planning Division.

 

Want to speak with someone directly? Contact the Community Development Department at 701-355-1840 for assistance.

 

Your project may also qualify for a 3-year property tax abatement under the residential remodel exemption—an additional perk for homeowners looking to maximize long-term value.

 

For full program guidelines and eligible improvement categories, check out the Neighborhood Reinvestment Initiative overview or download the full guide (PDF).

 

If you've been considering a home improvement project, now is the time to invest in your home—and your neighborhood’s future.