A task force advising Colorado lawmakers on how to spend $400 million in federal coronavirus relief money on affordable housing projects has approved a spending plan. This includes $150 million for a new revolving loan fund for new developments, preservation and rehabilitation, property conversions, and non-traditional housing capacity in diverse communities.

The California Rebuilding Fund is a partnership between state and local governments and private organizations that provides loans to small businesses in underserved communities. Through this partnership, California leverages private sector resources toward addressing the pandemic's impact rather than relying on public resources alone to support the enormous needs of California's small businesses.

Included in the legislation is $2.5 billion to establish a revolving loan fund to allow the Department of Energy (DOE) to serve as an "anchor-tenant" for new or upgraded transmission lines and allows the DOE to issue loans to, or enter into public-private partnerships with, eligible transmission projects.

The Madison Region Economic Partnership announced the launch of a new revolving loan fund that will help rural businesses gain access to capital and grow. This RLF focuses on entrepreneurs and businesses located in Dane, Dodge, Iowa, Jefferson, Rock, and Sauk counties.

The Equitable Facilities Fund, a nonprofit social impact fund specializing in facilities financing for high-performing public charter schools, has announced a $500 million commitment to public charter schools run by people of color. The funding will provide low-cost loans for school facilities so that exceptional educators can establish deeper roots within their communities.

Governor DeSantis' budget provides $40 million to create a revolving loan program that supports workforce homeownership, including down payment, and closing cost assistance. The governor recommends $355.5 million to fully fund the State and Local Government Housing Trust Funds.

While other chambers of commerce focus mostly on the business needs of their members, the Latino Chamber goes several steps further, helping members with a variety of business-consulting services as well as social programs. Among members' needs are finding documents that may be located in another country or interpretation services for legal documents.

The U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the agency reached $44.8 billion in funding to small businesses through more than 61,000 traditional loans for fiscal year (FY) 2021.

CDFA // BNY Mellon Development Finance Webcast Series: Affordable Housing Finance - Market Rate/Affordable/Low-Income
Tuesday, December 21, 2021 - 2:00 PM - 3:00 PM Eastern

Fundamentals of Economic Development Finance Course
January 26-27, 2022 - Daily: 12:00 - 5:00 PM Eastern

Intro Bond Finance Course
February 14-15, 2022 - Daily: 12:00 - 5:00 PM Eastern

>>> VIEW THE RLF RESOURCE CENTER   

This brief analyzes U.S. EDA data from 2010 to 2019 to paint a broad picture of the agency's programs and grantmaking activities. During this period, EDA invested an average of $361 million a year across its programs.

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