HomeMy WebLinkAbout06-19-25 Correspondence - MT Dept of Commerce - Commerce Weekly Roundup - Volume 2, Issue 25From:Montana Department of CommerceTo:Bozeman Public CommentSubject:[EXTERNAL]Commerce Weekly Roundup - Volume 2, Issue 25Date:Thursday, June 19, 2025 2:01:10 PM
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June 19, 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 was held on June 12, 2025. Written comments will be received
until June 20, 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.
Montana Board of Housing Public Meeting: August 11, 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. Award decisions will 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 Endowment Program will host a grant administration
workshop for 2027 Biennium awardees on Wednesday, June 25, 2025, at 9 a.m.,
both online and in-person at the Commerce Building, Room 226 at 301 S. Park Avenue
in Helena. To register for the workshop, RSVP to doccdd@mt.gov and note if you will
attend in person or online. For more information on the MCEP program, visit
commerce.mt.gov.
Commerce News/Upcoming Events
Governor Gianforte Announces Leadership Change at Montana Department of
Commerce
Nearly $6 Million in Historic Preservation Grants Awarded to 21 Montana
Communities
Commerce Announces 2025 Opportunities in Rural Economies Grant Recipients
The Montana Heritage Commission's Living History Program presents "Living
History Presentations", June 21-22 in Nevada City.
Commerce is improving our communications to better
serve you.
Commerce is working to improve the many ways you interact with our programs and
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
needed, like administrative rules making communications and other statutorily required
notifications. You can update your subscriber preferences anytime.
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 59620
406-841-2700