FREDERICK — Two new rental units have been built in the northern Brown County community of Frederick thanks in part to loans from Northern Electric Cooperative’s Rural Electric Economic Development (REED) Fund and Grow South Dakota. The Frederick Development Corporation received a $90,000 loan through the REED Fund and another $90,000 loan through Grow South Dakota to build the units because of a severe housing shortage in the community. The loans were closed Tuesday, Dec. 30. Read the complete release above.