On June 15, 2023, the U.S. Department of the Treasury released revised State Small Business Credit Initiative (SSBCI) Capital Program Policy Guidelines. The revisions concerned the requirements applicable to refinancing transactions by new lenders.

The U.S. Department of the Treasury released the State Small Business Credit Initiative (SSBCI) Technical Assistance (TA) Grant Program Reporting Guidelines. This guidance details the reporting and document-retention requirements for jurisdictions...

The U.S. Department of the Treasury updated the Fact Sheet for the State Small Business Credit Initiative (SSBCI). The updated sheet includes information about program design, implementation status, and capital program spotlights.

The U.S. Department of the Treasury updated the State Small Business Credit Initiative Technical Assistance Grant Program FAQs on May 9, 2023.

The U.S. Department of the Treasury held its quarterly State Small Business Credit Initiative (SSBCI) All Jurisdiction meeting and provided updates on the SSBCI Capital Program, Technical Assistance Grant Program, outreach efforts, work groups, and...

On April 28, 2023, the U.S. Department of the Treasury released the State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Program guidelines.

The U.S. Department of the Treasury is extending the deadline for Tribal governments to submit their complete SSBCI Technical Assistance (TA) Grant Program application to July 28, 2023, at 11:59 p.m. Eastern Time (ET). Tribal governments that...

The CDFA Disaster Recovery Bonds Policy Proposal outlines the CDFA national legislative proposal for a special, permanent category of Disaster Recovery Bonds.

The U.S. Department of the Treasury released its methodology summary for preliminary SSBCI allocations for Tribal governments on February 21, 2023.

The U.S. Department of the Treasury released the revised SSBCI Capital Program Policy Guidelines on December 15, 2022.

The U.S. Department of the Treasury released an updated FAQ sheet for the State Small Business Credit Initiative program on December 8, 2022.

The U.S. Department of the Treasury announced the list of Tribal governments that submitted SSBCI Capital Program applications on November 29, 2022. The applications will now be reviewed prior to release of any funding for those programs.

The U.S. Department of the Treasury published the SSBCI National Compliance Standards on November 17, 2022.

The U.S. Department of the Treasury announced that it will hold an SSBCI Fall Virtual Conference via Zoom from Monday, November 14, 2022, to Friday, November 18, 2022. The Virtual Conference will include discussion sessions and roundtables to allow...

On October 20, CDFA and its SSBCI Coalition provided comments in response to the U.S. Department of the Treasury's request for information regarding the deployment of the remaining $200M in SSBCI Technical Assistance Grant Program funds.

Read CDFA's response to the U.S. Department of the Treasury's request for information regarding the distribution of the remaining $200M in SSBCI TA funding.

The U.S. Department of the Treasury announced the approval of state plans for Alaska, Idaho, Iowa, Massachusetts, Minnesota, Missouri, Nebraska, Nevada, New Mexico, Ohio, and Utah under the State Small Business Credit Initiative (SSBCI). Treasury...

The U.S. Department of the Treasury issued revised SSBCI Capital Program Policy Guidelines on October 7, 2022.

The U.S. Department of the Treasury issued revised SSBCI Capital Program Reporting Guidelines on September 30, 2022.

On September 27, 2022, the U.S. Department of the Treasury issued this updated FAQ documents for the State Small Business Credit Initiative (SSBCI).

The U.S. Treasury is authorized to provide up to $500M in support for small business TA programs and is inviting public comment on how it can use its authorities to fund TA to very small businesses and business enterprises owned and controlled by...

Business Oregon is offering several free webinars about the State Small Business Credit Initiative (SSBCI) program in September. See Business Oregon's website for descriptions of the webinar content, registration information, and additional details...

Maryland Governor Larry Hogan announced Maryland programs funded by the State Small Business Credit Initiative are open. Up to $198M in federal small business relief is being administered by the Maryland Department of Housing and Community...

The U.S. Department of Treasury announced approval of state plans for Colorado, Oregon, New York, and Montana under the State Small Business Credit Initiative for up to $750M in funds to expand access to capital for small businesses. 

“We’re grateful for the opportunity to invest in a diverse set of entrepreneurs and businesses in our most promising industries throughout the state. We know that an innovative economy provides higher wages and more business resilience in times of...

U.S. Department of Agriculture announced that the Department is increasing the maximum loan amount to $400,000 under the Intermediary Relending Program. This change is in accordance with provisions in the Agriculture Improvement Act of 2018 (2018...

The Coronavirus State and Local Fiscal Recovery Funds (SLFRF), a part of the American Rescue Plan, delivers $350 billion to state, local, and Tribal governments across the country to support their response to and recovery from the COVID-19 public...

The Secretary of the Treasury (Treasury) is adopting as final the interim final rule with amendments. This rule implements the Coronavirus State Fiscal Recovery Fund and the Coronavirus Local Fiscal Recovery Fund established under the American...

Tulsa Remote, one of the nation’s first and largest remote worker relocation initiatives, has brought more than 1,200 remote workers to the city since 2018 by offering a $10,000 grant and additional support services to eligible workers who move to...

This is the fiscal year (FY) 2021 report to Congress on the financial health of the Federal Housing Administration (FHA) Mutual Mortgage Insurance (MMI) Fund. The MMI Fund supports FHA’s Single-Family mortgage insurance programs.

The Urban Institute set out to study how innovative policies and programs from abroad could inform state and local efforts in the US to advance an inclusive recovery from the COVID-19 pandemic. They produced five briefs, each profiling an approach...

This framework for green infrastructure can help the City of New Orleans take a quantum leap forward by inspiring innovation and proactively using public funding to stimulate private investment. The Resilient New Orleans Finance Plan will serve as...

USDA Rural Development (RD) developed this guide as a resource for rural communities seeking disaster resiliency and recovery assistance. The recent National Climate Assessment (NCA) identifies that more frequent and extreme weather and...

This interactive app from the Urban Institute allows users to explore the latest employment data in all 50 states.

Developed by the Federal Reserve Bank of St. Louis, the newly enhanced Community Investment Explorer (CIE) 2.0 includes over 73 million transactions totaling over $3.2 trillion in community and economic development capital from 2012 to 2020. This...

The Governor’s 2021‑22 May Revision budget proposes $36 million General Fund to pay the first, partial payment on the state’s outstanding federal Unemployment Insurance (UI) loan and proposes to direct $1.1 billion in federal American Rescue Plan...

This CDBG-CV Broadband Quick Guide summarizes some of the ways Community Development Block Grant CARES Act (CDBG-CV) grantees can help narrow the digital divide through the provision of broadband infrastructure and services to communities in need...

This research from Fitch Ratings examines how the COVID-19 pandemic has complicated housing affordability. Issues that led to the persistent housing unaffordability preceded COVID-19. The pandemic caused an economic contraction felt among millions...

This guidance from the Treasury Department examines how states and localities can use the State and Local Fiscal Recovery Funds included in the American Rescue Plan Act to reduce and respond to violent crime – particularly gun violence – by...

The $350 billion Coronavirus State and Local Fiscal Recovery Funds provide substantial flexibility for each jurisdiction to meet local needs—including support for households, small businesses, impacted industries, essential workers, and the...

This blog post from the Federal Reserve Bank of St. Louis discusses changes to the newly reauthorized State Small Business Credit Initiative, including funding targeted to businesses owned by socially and economically disadvantaged individuals.

The American Rescue Plan Act of 2021 (ARP) provides local governments with an unprecedented opportunity to access federal funding to support community priorities. The ARP includes direct funding (known as Fiscal Recovery Funds) to state and local...

After the American Rescue Plan Act was signed into law by President Biden on March 11, 2021, it guaranteed direct relief to all 19,000 cities, towns, and villages in the United States. NLC has identified frequently asked questions about the...

Federal economic adjustment assistance (EAA) programs were established, in part, to help workers adjust to these economic disruptions. Experts in the GAO's roundtable identified a range of challenges to using EAA programs to effectively respond to...

The Center for Regional Economic Competitiveness and Smart Incentives have produced a series of reports for the State Economic Development Executives network over the past year providing guidance on critical issues and trade-offs to help state...

The Families First Coronavirus Response Act, CARES Act, Consolidated Appropriations Act of 2021, and the American Rescue Plan Act included billions of dollars in supplemental funding for human services and education programs as well as various...

The Urban Institute hosted this discussion about how small businesses are faring one year after the start of widespread economic shutdowns due to the pandemic. The webinar explored the disconnect between the fall in business activity and revenues,...

This report from Drexel University's Nowak Metro Finance Lab provides a guide to federal funding in the American Rescue Plan (ARP). The authors place a special emphasis on formula funds received by local anchors, competitive grants, and funds...

This table includes all the federal-to-local funding streams in the American Rescue Plan that reach cities and their residents. It does not include appropriations to Tribal Governments or Agency appropriations focused on program operations at the...