Senators announce $2.6 million for Montana community development

Jobs-Stimulus bill money will support new homeownership and small businesses

(WASHINGTON, DC) – The offices of Senators Max Baucus and Jon Tester announced today that $2.6 million from the Jobs-Stimulus bill is headed to Montana to support low-income homeownership and small business development.

The Montana Homeownership Network, based in Helena, will use the $600,000 to help low-income residents get on the path towards homeownership.

The Montana Community Development Corporation, based in Missoula, serves residents in Missoula, Ravalli, Mineral, Sanders and southern Lake Counties.  The corporation will receive $2 million to provide start-up loans to small businesses in western Montana.

"Montana Community Development Corporation is honored to receive the Community Development Financial Institutions fund award meant to promote small business on main street and help businesses and communities across Montana withstand these difficult times,” said Rosalie Cates, President of the Montana Community Development Corporation.  

The Jobs-Stimulus Bill is bringing more than $1 billion in new funding to Montana in addition to more than $500 million in middle class tax relief.