Construction of Yellowstone Commons, a Housing Credits property, eases affordable housing crisis in Glendive.

Provides 27 units of much-needed family units.

New construction of multifamily apartments in Glendive Montana.

Those eligible to rent could be teachers, police, firefighters, and service industry employees who are suffering from a shortage of affordable rental units.  The demand for housing is greatly impacted by the influx of Bakken oil workers.

Find all Housing Credit properties in Montana.

Wednesday, April 8, 2015
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Wednesday, April 8, 2015
Categories: Press Release
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Housing Credits used to develop 40 senior apartments in downtown Kalispell.

Apartments are available to income-eligible people 55 and older.

Affordable apartments in Kalispell.

Rents vary based on income but include all utilities except cable and telephone. They range from $415 to $575 a month for one-bedroom units and from $495 to $650 a month for two-bedroom units.

Find all Housing Credits properties in Montana.

 

Wednesday, April 8, 2015
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Are you thinking of buying your first home?

Buying a home can be an exciting prospect but can be difficult if you aren’t adequately prepared. The Montana Board of Housing encourages all potential homebuyers to take a Homebuyer Education class to help determine if it is the right time, personally, for you to buy a home.

A young couple moving into their first home.

Home ownership offers clear advantages for some families: tax breaks, money going toward equity for you rather than your landlord, and the ability to decorate and remodel your home as you like. But owning your first home can also offer challenges, particularly if you buy a house before you are ready. You usually need to make an initial investment in the form of a down payment; you will have to bear the cost of maintenance and repairs; and you will have to sell your home, which can often take months, before you can move. Weigh the pros and cons carefully before deciding if homeownership is right for you now.

Wednesday, April 8, 2015
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The construction of affordable housing generates substantial local economic activity.

This includes new income and jobs for residents, and additional revenue for local governments.

Construction workers.

The National Association of Home Builders has developed a model to estimate these economic benefits. The model captures the effect of the construction activity itself, the ripple impact that occurs when income earned from construction activity is spent and recycles in the local economy, and the ongoing impact that results from new homes becoming occupied by residents who pay taxes and buy locally produced goods and services. In order to fully appreciate the positive impact residential construction has on a community, it is important to include the ripple effects and the ongoing benefits.

Wednesday, April 8, 2015
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HOUSING DIVISION | MONTANA DEPARTMENT OF COMMERCE
301 S. PARK AVE, STE 240 | PO BOX 200528 | HELENA, MT 59620-0528 | P: (406) 841-2840 | F: (406) 841-2841 | TDD: (406) 841-2702 | TOLL FREE: (800) 761-6264