HOME Program
Single-Family Allocation Pilot Program
NOTE: In March 2008, the Montana Board of Housing Homeownership Program temporarily suspended its regular bond program because of the high cost of funds on the bond market (link to MBOH Homeownership Program web page for additional information). However, MBOH continues to have an ample supply of funds for its set-aside programs that provide first mortgage funds for HOME down payment programs. See attached information from the MBOH Homeownership Program.
2007 SINGLE FAMILY PILOT PROGRAM FUNDS
Just over $2 million is allocated to the 2007 Single Family Pilot Program, and dispersed among 11 districts of the state according to a formula that considers population and age of housing. Funding for the 2007 Pilot Program became available on June 1, 2007 and are reserved for each district for 12 months, until June 1, 2008. On June 1, 2008, unobligated funds will be made available to other qualified entities on a statewide basis.
2006 SINGLE FAMILY PILOT PROGRAM FUNDS
On December 1, 2007, unreserved 2006 Pilot Program District funds were made available statewide to all Qualified Entities and are longer reserved specifically for Districts 2-12. Any Qualified Entity may reserve 2006 funds allocated to the Statewide District (District I) until the 2006 funds are obligated. The 2007 funds will not be accessed until the 2006 funds are obligated.
Updated 5/05/08: Funds Allocated & Funds Remaining, by District & by Year (PDF)
Updated 08/22/07: Entities Currently Qualified to Participate in the Pilot Program (PDF)
The Pilot Program is an allocation of HOME funds for homebuyer assistance (HBA) and homeowner rehabilitation (HOR) activities. Pilot Program funds are distributed by formula among 11 districts of the state. Refer to the following announcement and program basics for additional information.
*Pilot Program Announcement and Program Basics (PDF)
*Pilot Program Districts (PDF)
Eligible entities wishing to participate in the Pilot Program for HBA and HOR activities must submit a qualification package to the Program. Once the HOME Program approves an entity's qualification package, the entity may begin conducting its HBA or HOR program within their service area. Complete the following qualification package, or contact the HOME Program at 406.841.2820 to obtain a copy.
Qualification Package (Word) (PDF)
"How-To" Videoconference Slides
On May 10, 2006, HOME Program staff held a statewide videoconference explaining the Pilot Program and how to operate a homebuyer assistance and/or homeowner rehabilitation program using Pilot Program funds. The slides from the videoconference are available below:
*Part 1 (PDF): HOME Program Overview; Pilot Program Qualification Package; Program Administration-Part 1
*Part 2 (PDF): Program Administration-Part 2
*Part 3 (PDF): Balancing Escalating Energy Related Costs & Affordable Loan Payments
