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Colorado Statewide Community Development Block Grant (CDBG) Business Loan is sponsored by Colorado Office of Economic Development and International Trade (OEDIT) / U.S. Department of Housing and Urban Development (HUD). One-third of Colorado's annual CDBG funding from HUD is allocated for economic development to aid the State's Business Loan Funds.
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Community Development Block Grant Business Loan | CEDS FINANCE Community Development Block Grant Business Loan Community Development Block Grant Business Loan Carly Williams 2024-11-05T20:53:38-07:00 The Community Development Block Grant (CDBG) Business Loan helps businesses in rural areas by giving loans and loan guarantees. A business typically needs to create or retain one job for each $20,000 in loan funds.
If your business has five or fewer employees, you may be exempt from that requirement through a micro enterprise loan. Every year, the U.S. Department of Housing and Urban Development’s State CDBG program gives Colorado money for community and economic development. Specifically, this money is used to aid the state’s business loan funds.
The money goes into 14 regional loan funds to create and retain jobs in Colorado. The funds cover most of Colorado’s rural areas. Each of the 14 regional funds is led locally with its own dedicated regional business loan fund manager , local loan review committee, and local board of directors.
Learn More About The Community Development Block Grant Business Loan If the business is in one of these areas, it is not eligible for this program: Adams County (unincorporated areas and Bennett, Broomfield, Brighton, Federal Heights, Northglenn and Thornton) Arapahoe County (unincorporated areas and Bow Mar, Centennial, Cherry Hills Village, Columbine Valley, Deer Trail, Englewood, Glendale, Greenwood Village, Littleton, and Sheridan) Douglas County (unincorporated areas and Castle Rock, Larkspur, Lone Tree, and Parker) Jefferson County (unincorporated areas and Arvada, Edgewater, Golden, Lakewood, Mountain View, and Wheat Ridge) Loans and micro-enterprise loans Business Eligibility Requirements The business typically needs to create or retain one job for every $20,000 in funds received.
The business typically needs to fill at least 51% of the jobs it creates and/or retains with low- to moderate-income persons. If the business has five or fewer employees, it may be exempt from that requirement through a micro enterprise loan.
Borrowers may use these loans in an eligible rural area to: Stabilize an existing business To apply for a Community Development Block Grant Business Loan, contact the business’s regional business loan fund manager.
The application will need to include: Historical and recent financial statements Projected job creation/retention information Additional information as directed by the local fund administrator Region 1: Northeast Colorado Revolving Loan Fund Region 3: Clear Creek Economic Development Corp. Region 5: Prairie Development Corporation Region 6: Southeast Colorado Enterprise Development Region 7: NeighborWorks Southern Colorado Region 8: San Luis Valley Development Resource Group Region 9: Economic Development District of SW Colorado Region 10: League for Economic Assistance & Planning Region 11: Western Colorado Business Development Corp. Region 12: Northwest Loan Fund Region 13: Upper Arkansas Area Development Corp. Region 14: Otero/Las Animas 10660 E Colfax Ave, Suite B
According to the current listing, eligibility includes: For-profit businesses in rural areas of Colorado. Each Loan Fund is led locally with its own Business Loan Fund Manager, local loan review committee, and local board of directors. Confirm the full requirements in the official notice before applying.
Colorado Statewide Community Development Block Grant (CDBG) Business Loan is funded by Colorado Office of Economic Development and International Trade (OEDIT) / U.S. Department of Housing and Urban Development (HUD). Verify program details on the funder's official page before applying.
This opportunity targets applicants in Colorado. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
The Homeless Youth Program is a grant from the Illinois Department of Human Services that funds services for homeless and at-risk youth across Illinois. Administered through the Office of Community and Positive Youth Development, it supports nonprofit organizations delivering shelter, outreach, and support services to young people experiencing homelessness or housing instability. Eligible applicants are Illinois-based nonprofits with demonstrated capacity to serve youth. Awards range from $100,000 to $800,000 per year under CSFA number 444-80-0711. This is a FY 2026 funding opportunity with an application deadline of May 21, 2025.
Community Investment Tax Credit Program (CITC) is a grant from the Maryland Department of Housing and Community Development that provides state tax credit allocations to 501(c)(3) nonprofits, enabling them to attract private donations from individuals and businesses. Donors contributing $500 or more to approved projects receive tax credits equal to 50% of their contribution. The program has leveraged nearly $27 million in charitable contributions to approximately 700 projects statewide. Eligible project areas include education, housing, job training, arts and culture, economic development, and services for at-risk populations. Projects must be located in or serve residents of Maryland's Priority Funding Areas. The application period is typically held annually.
The Families First Community Grant Program is a competitive grant initiative from the Tennessee Department of Human Services (TDHS) offering approximately $27 million in funding to support nonprofit organizations serving low-income Tennessee families. Grants fund programs across four priority areas: education, health, economic stability, and family well-being, aligned with TANF goals of promoting self-sufficiency. Eligible applicants are 501(c)(3) nonprofits based in Tennessee that provide direct services to economically disadvantaged families. The 2025 application cycle closed July 10, 2025. This program reflects Tennessee's broader commitment to strengthening communities through strategic investment in local organizations that address the root causes of poverty.
CDBG, HOME, HOPWA, Choice Neighborhoods, and the Continuum of Care — all proposed for elimination. Work requirements for voucher holders. A 60-month time limit on assistance. The definitive analysis for housing organizations navigating the most aggressive HUD budget in history.
Read articleHUD tried to slash permanent supportive housing funding from 90% to 30% of Continuum of Care grants. Federal courts in Rhode Island and the First Circuit stopped it. What the ruling means for housing-first policy, communities across 21 states, and organizations that depend on CoC funding.
Read articleHUD announced the FY25 Rural Capacity Building NOFO on May 18, 2026 with a July 6 deadline. Section 4 has three statutory intermediaries — Enterprise, LISC, and Habitat. RCB is a different door, and most rural housing nonprofits are misreading which one they qualify for.
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