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Multifamily Program

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The Montana Board of Housing offers financing to produce rental housing that is affordable for low-income Montanans.

The Multifamily Program monitors these properties to ensure that they comply with federal and state requirements and that they fulfill the obligations they committed to for the financial assistance they receive.

The Reverse Annuity Mortgage Program is one of the few RAMs that has been implemented by a State Housing Finance Agency and Montana is proud of the support we have been able to extend to many low-income seniors who wish to stay in their home as long as possible.

The Risk Sharing Program is a collaboration between the Montana Board of Housing and the Department of Housing and Urban Development (HUD) which provides FHA insured permanent financing for units of multifamily rental property in Montana.

The General Obligation (G.O.) Program is a source of permanent mortgage financing for affordable rental housing which meets certain low income occupancy and rent limitation requirements. The Board provides mortgage underwriting and loan management as well as financing.

MBOH was recently approved as a RD 538 Lender.

The Montana Board of Housing recently received approval from the United States Department of Agriculture's Rural Development Agency to be a Section 538 Guaranteed Rural Rental Housing Program (GRRHP) lender. The Montana Board of Housing looks forward to this partnership with USDA Rural Development to provide loans for rural Montana housing developments as a permanent financing resource. For more information, contact us at 406-841-2840.

 

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