Support of a State Workforce Housing Tax Credit:
Mobilizing private funding to increase housing that Montanans can afford. The Workforce Housing Tax Credit Act was designed to create State Housing Tax Credits, bringing more private investment and federal housing funds to Montana to create more homes and apartments.
Reauthorization of The Multifamily Coal Loan Program:
The Multifamily Coal Loan Program was created in 2019 and is the first time state money is dedicated to rental development. The original $15 million was immediately deployed to seven projects across the state. Additional investment into this program is necessary to make low-interest loans available for the development and preservation of rental homes in Montana.
Investment in the Housing Montana Fund:
This revolving loan fund was established in 1999, yet the Legislature does not fund it. The Montana Legislature should invest in safe and affordable homes for Montana’s workforce.