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MONTANA HOMEOWNERSHIP NETWORK
509 1st Av SGreat Falls MT, 59401-2508
CDFI Awards for MONTANA HOMEOWNERSHIP NETWORK
FA (2009) - $600,000
Montana HomeOwnership Network (MHN) is a nonprofit loan fund in operation since 1999. MHN became a certified CDFI in January 2008 and provides loan products for homeownership, housing counseling services, and development services through a network of 27 partners throughout the state of Montana. MHN will use its FY09 Financial Assistance award as lending capital to serve low-income residents throughout the state.
TA (2007) - $64,875
Montana HomeOwnership Network (MHN) is an emerging CDFI established in 2001. MHN provides homeownership loans and developmental services to a low income targeted population in Montana. MHN will use its FY07 Technical Assistance award to: 1) obtain consulting services to evaluate new products and staffing needs; develop a capitalization strategy, and conduct a market analysis in assigned counties and 2) purchase presentation materials.
TA (2005) - $50,000
The 2005 TA award of $50,000 will help the Awardee transfer a portfolio of existing loans from its parent and establish its own second mortgage program (downpayment and closing cost subordinate loans and related services). MHN will also use the award to develop comprehensive data collection and reporting systems.
Other Community Development Financial Institutions in Montana
Tri-Valley Community Federal Credit Union
east helena
Wolf Point Federal Credit Union
Wolf Point
Featured Government Grant Resources
Secondary Market Lending Authority Program
The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.
Small Business Administration's Recovery Capital Loans
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.
Social Entrepreneurship
Spotlight
Calgary Social Enterprise Offers High-Tech Services by People with Autism
Meticulon, a project of Autism Calgary Association in partnership with the federal government and the Sinneave Family Foundation, operates as a social enterprise that renders high-tech services provided by people with autism, leveraging their natural abilities at requiring attention to detail, repetition, and sequencing.
