The California Public Utilities Commission has opened the
application period for the
Broadband Loan Loss Reserve Program from Tuesday,
March 12, 2024 through Tuesday, April 9, 2024
(no later than 4 PM).*
The Loan Loss Reserve Program, established through SB 156 in 2021
with CSAC’s support, is a $500 million fund aimed at offering
credit enhancement for bonds, loans, and letters of credit
associated with supporting the development of local broadband
infrastructure. The Loan Loss Reserve fund broadens the capacity
for local governments, tribes and non-profits to obtain more
favorable borrowing rates and terms, facilitating the
construction of publicly owned broadband projects.
Application guidance and webinar materials will be posted on the
program website. Additionally, prospective Loan Loss Reserve
applicants have the option to request a 30-minute consultation
with Communications Division personnel by sending an email to
broadband.loanloss@cpuc.ca.gov.
*If applicants are unable to meet this deadline, please contact
the CPUC Communications Division staff. Also, for additional
information, please click
here or email broadband.loanloss@cpuc.ca.gov.
