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$3.3 Million of Revolving Loan Funds Available for Montana Wood Products Businesses

Lumber in Forest

The Montana Department of Commerce has over $3 million available in state and federal loan funds to assist wood product and wood processing businesses that have suffered or are suffering economic hardships.

The Department administers two different revolving loan funds, one funded by the State of Montana and one by the US Department of Commerce – Economic Development Administration.

$1,888,000 - State Wood Products Funds Available

$1,446,000 - EDA Wood Products Funds Available

The Wood Products Revolving Loan Fund Programs provide a long-term affordable lending tool to assist businesses in retaining or creating jobs providing a long-term economic benefit to the state of Montana.

For more information about the Wood Products RLF Program and how to apply for a loan, please contact Carolyn Jones, Section Manager: (406) 841-2594

Thursday, May 7, 2015
Categories: Market MT
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Governor Bullock and Director O'Leary Announce $4 Million to Enhance Senior Housing in Missoula

HELENA – Governor Steve Bullock and Montana Department of Commerce Director Meg O’Leary today announced the recent award of $4,035,550 in federal Housing Credits to the Missoula Housing Authority to assist with the rehabilitation of River Ridge Apartments. The River Ridge complex has 70 units available to low-income and disabled seniors. The federal funding is being made available through the Montana Board of Housing.

“Montana seniors have helped to build our state and make it a place we can all be proud to call home. This project will ensure they can continue to live and thrive in a community they love,” said Bullock. “My administration will continue to work with communities across Montana to increase access to safe, quality, and affordable housing for those who need it most.”

Monday, April 6, 2015
Categories: Housing Division
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Public Comment Period Open for State of Montana's National Disaster Resilience Grant Application

HELENA, MT - The Montana Department of Commerce is preparing the State of Montana’s application for Community Development Block Grant – National Disaster Resilience (CDBG-NDR) funds from the U.S. Department of Housing and Urban Development. 

Monday, March 23, 2015
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Governor Bullock and Director O'Leary Announce $610,500 for Low-Income Housing in Downtown Missoula

HELENA – Governor Steve Bullock and Montana Department of Commerce Director Meg O’Leary today announced the recent award of $610,500 to the Missoula Housing Authority to assist with the construction of Dakota Place Apartments. Dakota Place Apartments will be a complex for single or homeless households, prioritizing those with a mental illness or co-occurring disorder in the Missoula area. The funding is being made available through the Montana HOME Investment Partnerships Program.

“This project will ensure that some of the most vulnerable residents in Missoula have access to safe, quality, and affordable housing,” said Gov. Bullock. “I look forward to continuing to work with communities across Montana to increase access to low-income housing for those who need it most.”

Wednesday, March 11, 2015
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Montana Communities Receive Grants to Help Plan for Growth and Development

Montana Communities Receive Grants

HELENA – Governor Steve Bullock and Montana Department of Commerce Director Meg O’Leary announced the award of $169,750 to nine communities across Montana through the Community Development Block Grant (CDBG) program at the Montana Department of Commerce.

“These grants help Montana’s cities and counties plan for future growth and development in their regions,” said Governor Bullock. “The projects we are funding will help our community leaders create long-term solutions to critical housing and infrastructure needs.”

Thursday, February 12, 2015
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Grants Awarded to Five Montana Communities for Downtown Improvement Efforts

Grants Awarded to Five Montana Communities

HELENA – The Montana Department of Commerce announced the recent award of $51,000 in planning grant funds to five Montana communities through the Montana Main Street Program. The recipients of the planning grants include the cities of Kalispell, Helena, Thompson Falls, Dillon, and Anaconda-Deer Lodge County.

“The Montana Main Street Program helps communities strengthen and preserve their downtowns and Main Streets,” said Director Meg O’Leary. “We’re excited and inspired by the projects envisioned by our member communities, and looking forward to helping them leverage the program’s resources to help them achieve their goals.”

Tuesday, February 3, 2015
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Governor Bullock and Director Meg O'Leary Announce Grant to City of Havre to Upgrade Wastewater Infrastructure

City of Havre Receives Grant

HELENA – Governor Steve Bullock and Montana Department of Commerce Director Meg O’Leary announced a grant of $500,000 to the City of Havre to rehabilitate and expand the city’s wastewater system. The funds are being made available to the City of Havre through the Treasure State Endowment Program (TSEP).

“We cannot build a strong and resilient Montana economy without strong and resilient public infrastructure,” said Gov. Bullock. “This grant will help the City of Havre make critical improvements to its wastewater infrastructure and ensure the safety and reliability of the treatment system for future generations.”

Tuesday, February 3, 2015
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Department of Commerce Announces $600,000 Grant to City of Missoula for Low-Income Housing Assistance

City of Missoula Receives Grant

HELENA - Today, Governor Steve Bullock and Montana Department of Commerce Director Meg O’Leary announced the recent award of $600,000 to the City of Missoula. The grant will be used to assist low- and very low-income households to provide down payment and closing cost assistance to prospective homeowners. 

Thursday, October 9, 2014
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DIRECTOR'S OFFICE | MONTANA DEPARTMENT OF COMMERCE
301 S. PARK AVE. | PO BOX 200501 | HELENA, MT 59620-0501 | P: (406) 841-2700 | F: (406) 841-2701 | TDD: (406) 841-2702