Pub. 4 2014-2015 Issue 5

18 O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S - H E L P I N G C O L O R A D A N S R E A L I Z E D R E A M S FEATURE ARTICLE COLORADO HOUSING FINANCE AUTHORITY “Through the State Small Business Credit Initiative, the Treasury Department, states, and private sector lenders and investors are supporting small businesses and creating a lasting impact on the economy,” Colorado Top State to Deploy SSBCI Funds to Small Businesses T he U.S. Treasury Department recently re- leased a newreport detailing how its State Small Business Credit Initiative (SSBCI) has helped small businesses grow and create jobs, naming Colorado as a top state in fund deployment. Colorado’s SSBCI funding is distributed through programs administered by ColoradoHousing and Finance Authority (CHFA) and the Colorado Office of Economic Develop- ment and International Trade (OEDIT). These funds support local economic development, and Colorado is reported as the No. 4 state to deploy themost SSBCI funds by percentage of allocation. Colorado was awarded a total of $17.2 million through the SSBCI program in Octo- ber 2011, which it received in three separate disbursements. Colorado received its third disbursement in June 2014 after successfully lending out $5.7 million, or 100 percent of