Multi Family

Loans that support multi-family rental housing are also available to both non-profit and for-profit developers. To quality the project needs evidence of broad base of community support and must be able to show need for rental housing.

All borrowers are encouraged to integrate energy efficiency in facilities and construction. Purchase of electricity from a REED member cooperative is NOT required to receive financing. For more information, check out Eligibility and Application, for qualifications and to obtain an application.

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Frederick Development Corporation

Category:  Northern, Multi-Family Housing, Cooperatives

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...

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Who We've Helped

19 Manufacturing firms (plant and/or equipment)