New! Small and Microenterprise Revolving Loan Fund (SMRF)
The Small and Microenterprise Revolving Loan Fund (SMRF) provides capital for rural communities to invest in new and/or existing small businesses and microenterprises. In cooperation with a qualified, nonprofit development organization (NDO), SMRF monies are loaned to local small businesses and microenterprises to support job creation/retention activity for predominately low and moderate income persons.
Application workshops will be held in Austin and via webinar, with dates to be announced on the TxCDBG Announcements webpage.
2016 Infrastructure / Real Estate
The application for Program Year 2016 Infrastructure / Real Estate program is now available.
The Texas Capital Fund infrastructure development and real estate programs are economic development tools designed to provide financial resources to non-entitlement communities. Funds from the infrastructure program can be utilized for public infrastructure needed to assist a business that commits to create and/or retain permanent jobs, primarily for low and moderate income persons. Funds from the real estate program must be used for real estate development to assist a business that commits to create and/or retain permanent jobs, primarily for low and moderate-income persons. The real estate and/or improvements must be owned by the community and leased to the business. These programs encourages new business development and expansions.
The Texas Administrative Code rule revisions for this program will become effective April 25, 2016. Therefore, the deadline for submittal of applications for the April round is extended to April 29, 2016.
Texas Capital Fund Infrastructure / Real Estate Programs
Information on the previously announced workshop and webinar for this program can be found on the TxCDBG announcements webpage: Click Here
Director for Community Development Block Grant Programs
Texas Department of Agriculture
Suzanne.Barnard@TexasAgriculture.gov | 512.463.6612