HomeMy WebLinkAbout06-26-25 Correspondence - MT Dept of Commerce - Commerce Weekly Roundup - Volume 2, Issue 26From:Montana Department of CommerceTo:Bozeman Public CommentSubject:[EXTERNAL]Commerce Weekly Roundup - Volume 2, Issue 26Date:Thursday, June 26, 2025 2:01:16 PM
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June 26, 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.
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.
Housing Coordinating Team Meeting: July 10, 2025, at 10 a.m. Garth B. Rieman,
director of Housing Advocacy and Strategic Initiatives with the National Council of
State Housing Agencies, will join the Housing Coordinating Team meeting as a guest
speaker. His "Washington Update" will provide an overview of current happenings in
Congress, including the One Big Beautiful Bill and the administration’s proposed fiscal
year 2026 budget. Commerce staff, especially those interested in federal budget
happenings around affordable housing programs, are encouraged to attend the
meeting.
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.
Commerce News/Upcoming Events
Montana Board of Housing Celebrates 50 Years
Montana Heritage Commission Announces New Long-Term Lease Program to
Revitalize Historic Properties
The Montana Heritage Commission's Living History Program presents "Living
History Presentations", June 28-29 in Nevada City.
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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 59620
406-841-2700