Larchwood Awarded $2 Million in Zero-Interest Loans for Community Center
The City of Larchwood was awarded two $1,000,000 loans at 0% interest to fund a new community development center.
Sioux Falls, SD, October 15, 2026 —
The City of Larchwood was awarded two loans of $1 million each to fund a new community development center. Both loans carry a 0% interest rate, bringing the total loan amount to $2 million.
The available information identifies the center as a community development project but does not describe its planned services, location, size or design. It also does not say when the loans were awarded, who provided the funding or when work on the center is expected to begin.
Details about the loans’ repayment periods, other conditions and whether the $2 million will cover the full project cost were not provided. No construction schedule, project budget beyond the loan amounts or opening date was included in the announcement summary.
The award establishes that the city has access to two zero-interest loans for the project. Further information would be needed to determine how the funding will be distributed, what activities the center will support and what steps remain before it can open.
Story summarized from the original created by Quinn Gienapp on www.keloland.com, see more information here.
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