HomeMy WebLinkAbout06-13-25 Correspondence - MT Dept of Commerce - Commerce Weekly Roundup - Volume 2, Issue 24From:Montana Department of CommerceTo:Bozeman Public CommentSubject:[EXTERNAL]Commerce Weekly Roundup - Volume 2, Issue 24Date:Thursday, June 12, 2025 2:01:10 PM
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June 12, 2025 – News, events, grants, loans and other funding opportunities
Montana Department of Commerce
Weekly Roundup
The Weekly Roundup is a summary of events, news and information important to
Commerce's constituents this week. Click on any topic for more information.
Business
The Montana State Small Business Credit Initiative 2.0 Loan Participation
Program application portal for remaining Tranche Three funds closes at midnight
on June 30, 2025. Participating lenders who have funds available for recycling must
access those funds prior to applying for the remaining Tranche Three funds. This is
expected to be the final round of SSBCI funding. Future opportunities will be supported
through recycled SSBCI 2.0 funds as loans are repaid.
The Montana State Small Business Credit Initiative 2.0 Loan Participation
Program-Recycled Funds application is now open and will remain so for the
duration of the program, with capital availability contingent on repayments from existing
borrowers. A list of participating lenders with funds for recycling can be found on
the SSBCI webpage.
Native American Collateral Support Program funding available: The NACS
Program is currently accepting applications; $116,763.43 in cash funding is available.
For more information, contact Program Specialist Chris Ryan at chris.ryan@mt.gov or
406-841-2594.
The Wood Products Revolving Loan Fund has temporarily paused acceptance of
new applications as we move through the administrative rulemaking process. The
proposed ARM guidelines were published on May 23, 2025, by the Secretary of State’s
Office; a public hearing is scheduled for June 12, 2025. To view the Notice of Proposal,
visit: ARM Proposal Notice.
We’re committed to ensuring the program continues to serve Montana’s wood products
industry effectively and will share further updates as they become available.
Housing
Statewide Section 8 Housing Choice Voucher Waiting List to Reopen July 1,
2025. Commerce strongly encourages interested low-income persons and households
to apply for this federal rental assistance program at commerce.mt.gov. Applicants
may only apply to one of the ten regional waiting lists; wait time varies depending on
the level of demand at each regional waiting list.
Montana Board of Housing Public Meeting: July 14, 2025.
Effective June 1, 2025, the following limits have been posted for the HOME, HTF and
CDBG programs:
HOME Investment Partnership Program rent limits and income limits.
National Housing Trust Fund rent limits and income limits.
Community Development Block Grant income limits.
CDBG-Housing, HOME Investment Partnerships Program and National Housing
Trust Fund applications are due September 17, 2025. Commerce will have up to
$3,150,000 in CDBG-Housing funds to award, $2,713,000 in HOME, and $2,821,000 in
HTF, with award decisions to be announced in November. The combined HOME and
HTF application guidelines are available on the HOME or HTF web pages. An updated
Uniform Application has also been posted.
Draft CDBG-Housing Application Guidelines for housing development and
rehabilitation will be available for public comment this summer. The newly proposed
guidelines are simplified and similar to the HOME and HTF application guidelines.
Infrastructure and Planning
The Montana Coal Board will hold its next quarterly meeting on September 11,
2025, in Billings. Grant applications to be considered at this meeting are due no later
than midnight on July 28, 2025.
The Montana Coal Endowment Program is hosting a grant administration
workshop for the 2027 Biennium awardees on Wednesday, June 25, 2025, at 9
a.m., both online and in-person in room 226 at 301 S. Park Avenue, in Helena. To
register for the workshop please contact Lindsey Siebrasse at
lindsey.siebrasse@mt.gov and note if you will attend in person or online. For more
information on the MCEP program, please visit the program’s website.
Commerce News/Upcoming Events
Statewide Section 8 Housing Choice Voucher Waiting List to Reopen July 1, 2025
The Montana Heritage Commission's Living History Program presents "From
Flames to Fame", June 14-15 in Virginia City.
Commerce is improving our communications to better
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services through updated communication options. To give you more information via
fewer emails, Commerce's updated communications will include the Commerce
"Weekly Roundup" with news, events, grants, loans, funding opportunities and other
important updates; a quarterly newsletter; press releases and urgent information when
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UPDATE PREFERENCES
Montana Department of Commerce
301 S Park Ave, Helena, MT 59620
Contact Us: 406-841-2700
commerce.mt.gov
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Montana Department of Commerce
301 S Park Ave, Helena, MT 59620406-841-2700