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Daily Montanan - Bipartisan bill places an additional $100 million towards low & middle income housing

Regier told the committee there was bipartisan agreement heading into the 2023 legislative session that lawmakers needed to act to address the housing shortage and affordability issues in the growing state

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    Daily Montanan - Bipartisan bill places an additional $100 million towards low & middle income housing
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    Read the article at the Daily Montanan by Blair Miller
    excerpt:
    “The Montana Board of Housing is currently allowed to administer $15 million of the billion-dollar trust fund toward loans for developing and preserving homes for low- and middle-income Montanans under a bill passed in 2019. HB927 would send $115 million in general fund dollars within 15 days of the bill being signed to the trust fund, which the board could then put toward the same housing effort.
    The Board of Housing approved seven loan commitments under the program to seven rental housing projects that would lead to 252 rental homes in Belt, Cascade, Havre, Livingston, Helena and Laurel, according to a fiscal note on a separate bill written by the Governor’s Office of Budget and Program Planning. At the end of 2022, financing had closed for six of them, totaling approximately $14.2 million of the initial $15 million in the program.”
     

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