Beautiful Mountains in Montana

Who We Are

The Housing Division’s purpose is to create affordable housing opportunities for Montanans whose needs are not met by the market. We accomplish this by partnering with local housing organizations across the state to leverage the federal funding that is made available to Montana.

The work we do is important for families, children, seniors, businesses, communities and the hard-working people of Montana. We offer resources, both financial and technical, to encourage and enable development of affordable housing, to educate first-time homebuyers, to ensure Montanans have access to an affordable 30-year fixed rate mortgage when they are ready to purchase a home, to offer rental assistance to those who need it, to assist the public and the support agencies in locating affordable housing for those in need of it. We administer and maintain compliance standards for a number of different programs, each designed to assist those who have low to moderate incomes.

We understand that housing is critical for families and for communities to flourish and to reach their full potential. We do all that we can to ensure decent, safe and sanitary housing for lower income Montanans in the communities where they need to live and work.

The Programs We Administer

The Housing Division is made up of a wide array of housing programs, funded through a variety of federal funding sources. The programs can easily be divided into two major categories.

  • The Section 8 Programs receive their funding from the U.S. Department of Housing and Urban Development (HUD) and administer the following programs:
    • The Housing Choice Voucher Program
    • Veterans Affairs Supportive Housing (VASH) Program
    • Shelter Plus Care Program
    • The Project-Based Section 8 Program
    • Section 811 Supportive Housing for Persons with Disabilities
    • Project-Basing HUD-VASH Vouchers
       
  • The Montana Board of Housing issues tax-exempt Mortgage Revenue Bonds to provide funds to purchase mortgages from participating lenders across the state of Montana and to finance development of multifamily housing.
    • Homeownership Program
      • Low rate, 30-year fixed-rate loans for low to moderate income first-time homebuyers
        • Regular Bond Program
        • Montana Veterans' Home Loan Program
        • Score Advantage Down Payment Assistance
        • 80% Combined Program
        • Mortgage Credit Certificate Program
        • Board of Investments Residential Loan
        • Disabled Accessible Affordable Homeownership Program
      • First-time Homebuyer Education
      • Foreclosure Prevention Counseling
         
    • Multifamily Program
      • Low Income Housing Tax Credit Program (known as Housing Credits in this state and on this website)
      • Risk-sharing Multifamily Loans
      • General Obligation Multifamily Loans
    • Reverse Annuity Mortgage Program
       
  • The Montana Board of Housing also provides loan servicing.  This service was created to offer in-state, personable assistance to mortgage holders in Montana.

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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