Approximately 140 local governments participate in the State of Wisconsin Community Development Block Grant Small Cities Revolving Loan Fund for Economic Development (CDBG-RLF-ED) Program. CDBG Revolving Loan Funds for Economic Development are funds loaned by the community to a local business to undertake CDBG eligible activities in exchange for creating jobs made available to individuals in low and moderate income households. When the RLF-ED loans are repaid to the community, the funds go back into the RLF to be loaned to other businesses.
Communities may receive new CDBG funds by participating in the CDBG-ED Program. When funds received from the ED program are repaid to the community, the funds are deposited into the RLF.
RLF grant administrators must attend semi-annual RLF training.