How our grants work

For maximum impact in low- to moderate-income areas, we partner with our communities’ public and non-profit institutions. A central goal behind these partnerships is meeting the credit and deposit needs of our assessment area.

  • In order to qualify for a community development grant, your activity or initiative must:

    • Support affordable housing for low- and moderate-income (LMI) individuals (including multifamily rental housing); or
    • Target community services to low- to moderate-income individuals; or
    • Promote economic development activities for small business; or
    • Revitalize or stabilize low- to moderate-income geographies, designated disaster areas, or distressed or underserved nonmetropolitan middle- income; or
    • Support, enable or facilitate projects or activities that are a part of a Neighborhood Stabilization Program (NSP).

  • Organizations must meet the following criteria:

    • Is a public organization with 501(c)(3) tax-exempt status
    • Is located within the Red River Bank Assessment Area
    • Does not discriminate based on race, color, religion, sexual orientation or national origin

  • As a general rule, Red River Bank does not contribute to the following:

    • Political groups or programs
    • Lobbying or Advocacy groups
    • Private foundations
    • Labor organizations
    • Third-party fundraising organizations
    • Capital campaigns, or equipment
    • Individuals
    • For profit organizations
    • Fraternal organizations