The City, Polk County, and the EGF School District collaborate to rebate property taxes to people who purchase new homes in the City. After the homes come up to full tax value, the homeowner pays the tax bill. The three jurisdictions refund the payments during the following year.
The City will rebate up to $500 for trees and shrubs purchased for new homes. The City values the curb appeal of its residential communities and incents new homeowners to beautify their homes.
Waters Edge Builders Incentive Program
Provides resources for homes to be built in the Waters Edge Addition. The City will require $1,000 in earnest money per lot with the remainder due at the time of sale or three years. Construction must be completed within eight months of Agreement.
Down Payment Assistance Program
Assists families with the purchase of single family and two-family homes valued at $200,000 or less. Up to a maximum of $7,500 is available to qualified buyers for a portion of their down payment and closing costs. New construction is not eligible.
US Department of Agriculture, Rural Development Programs
USDA RD has several programs that facilitate home buying. EGF residents will become eligible for the programs on June 4, 2018. The programs have been available throughout Polk County except in EGF because of its proximity to Grand Forks.