Housing Resource Directory




The Montana Board of Housing was created by the Montana Housing Act of 1975 in order to alleviate the high cost of housing for low-income persons and families. The funds to operate the programs administered under the act are generated either through the sale of tax-exempt bonds or from administrative fees. MBOH receives no state funds to operate the programs. MBOH programs fall into three categories: homeownership, multifamily, and elderly programs.


Homeownership Programs

Homeownership Mortgage Program

MBOH finances this program through the sale of tax-exempt bonds it issues. Because of the tax-exempt status of the bonds, MBOH is able to loan the funds to low- to moderate-income individuals in the form of low-interest loans. While the program is mainly to assist first time homeowners, in certain targeted areas, the borrowers need not be first time purchasers. The home must be owner-occupied with limited business use. Income and purchase price limits apply for the area of Montana where the house is located.

Contact: Charles Brown, Homeownership Program, Montana Board of Housing: 406.841.2850.  http://housing.mt.gov/About/homeownership.default.mcpx.

Set-aside Homeownership Mortgage Program

MBOH makes mortgage funds available through recycled mortgage prepayments and other funds held under prior bond issues of the Single Family Bond Program. MBOH works in partnership with local nonprofit housing providers and local governments to develop programs to target specific housing needs within the local community. MBOH provides permanent, 30-year mortgage financing, often coupled with federal grants or local funds, to make homeownership more affordable for lower income individuals and families. Applications from organizations are submitted monthly through MBOH’s "Request for Proposal” process.

Contact: Charles Brown, Homeownership Program, Montana Board of Housing: 406.841.2850.

Disabled Accessible Affordable Homeownership Program

MBOH sets aside funds to provide affordable, architecturally accessible homes for people with disabilities such that they can live independently. An eligible home buyer, spouse, child, or parent must have a permanent physical disability with a mobility impairment, may not have an annual income in excess of $30,000 after qualified medical deductions, or total family assets exceeding $50,000, and must be a first time home buyer or had purchased a home prior to becoming disabled that is no longer accessible to their needs.

Contact: Doug Jensen, Homeownership Program, Montana Board of Housing: 406.841.2854.  http://housing.mt.gov/About/homeownership/disabled.mcpx.

Mortgage Credit Certificate (MCC) Program

The Mortgage Credit Certificate Program allows eligible homebuyers to receive a dollar for dollar reduction in their federal income taxes of up to 20% of the annual interest paid on their mortgage. Borrowers can file an amended withholding statement with their employer and increase their monthly take-home pay by the amount of the credit. Lenders can use the additional income to help qualify the borrower for a loan. The MCC can be attached to any loan statewide, except for a loan financed through an MBOH loan. The qualifications are identical to the Homeownership mortgage program. 

Contact: Jeannene Maas, Homeownership Program, Montana Board of Housing: 406.841.2851.  http://housing.mt.gov/About/homeownership/MCC.mcpx.

Montana House™ Program

The Montana House™ program is a collaboration between the Montana Board of Housing, the Blackfeet Housing Authority, Blackfeet Manpower, and the Fort Belknap College. MBOH provides the building materials for the homes and students build the homes as part of their vocational training curriculum.

The Montana House launches a new era in affordable housing. The Montana House is a new home that is available in four different floor plans; 960 sq ft, or 1008 sq ft, (with 2-bedrooms, 1 bath), and 1200 sq ft, or 1400 sq ft (with 3-bedrooms, 2-baths). Each home features 2x6 exterior walls with R-19 insulation, quality vinyl windows, oak kitchen and bath cabinets and energy efficient gas forced air furnace. The home comes complete except for appliances and flooring, which the homebuyer provides. The homebuyer is also responsible for the lot, foundation, moving from the building site, placement on the foundation and utility hook-ups and fees. NeighborWorks Montana provides technical assistance for these functions.

Interested homebuyers need to submit an application to NeighborWorks Montana. Eligibility criteria apply, including completion of an approved homebuyer education class.

Contact: NeighborWorks Montana (formerly Montana HomeOwnership Network [MHN]), Great Falls: (toll free) 866.587.2244


Doug Jensen, Homeownership Program, Montana Board of Housing: 406.841.2854.  http://housing.mt.gov/About/homeownership/montanahouse.mcpx.


Multifamily Programs

General Obligation (GO) Multifamily Rental Program

This program provides mortgage financing to owners of qualifying housing when the owner agrees to restrict the rents to a specific amount and to rent only to tenants below a maximum income level (generally 60% of median income). Currently this program is financing the permanent loans for projects, which receive multiple sources of funding through other programs, where rents on the projects are affordable to very low-income state residents.

Contact: Mary Bair, Multifamily Program Manager, Montana Board of Housing: 406.841.2845 

HUD/Housing Finance Agency Risk-Sharing

On June 13, 1994, MBOH received final approval from HUD to participate in the Risk Sharing program. The Risk Sharing Program works in partnership with HUD, whereby HUD provides mortgage loan insurance and MBOH provides financing, mortgage underwriting, and loan management for affordable housing, and the two entities share the risk of loss from a project default. MBOH intends to finance the program through the sale of tax-exempt multifamily bonds.

Contact: Mary Bair, Multifamily Program Manager, Montana Board of Housing: 406.841.2845.

Housing Montana Fund

This program provides financing to owners of qualifying housing when the owner agrees to restrict the rents to a specific amount, and to rent only to tenants below a maximum income level. Down payment assistance and rental assistance can also be obtained through this fund. Currently this program does not have a permanent funding source and has limited funds available.

Contact: Mary Bair, Multifamily Program Manager, Montana Board of Housing: 406.841.2845.


Reverse Annuity Mortgage (RAM) Loan Program

The RAM program enables senior Montanans to use their home equity for an additional income source. The funds may be used for home repairs or improvements, medicine, utility costs, etc. Eligibility is subject to age and income requirements. Borrowers are required to complete a reverse annuity mortgage counseling program. Loans can be from $15,000 to a maximum of $150,000. The maximum loan amount is based on 80% of the FHA appraised property value. Loans are offered at a five percent interest rate.

Contact: Todd Jackson: 406.841.2852, Multifamily Program; Montana Board of Housing: 406.841.2840, or toll-free 800.761.6264.  http://housing.mt.gov/HORAMWhat


Residential Mortgages

The MBOI invests pension funds in Montana mortgages by purchasing loans from approved lenders. The general parameters for MBOI mortgage loans are:

  • Interest rates, effective for a one-week period, are posted each Thursday.
  • Interest rates may be locked in for a 30 and 60 calendar day reservation period during the one-week posting period.
  • Interest rates may be locked for a 180 and 240 calendar day reservation period at the rate during the one-week posting period for take-out loans on residences under construction.
  • Conventional loans shall be submitted by means of Automated Underwriting through Federal Home Loan Mortgage Corporation (FHLMC) or Fannie Mae only, subject to the MBOI’s criteria.
  • Reservations and applications specific to the MBOI’s residential loan program will be accessed through the Montana Board of Housing “Lender on Line” loan reservation system.
  • Residential loans must be secured by property owned by fee simple interest and located in Montana.
  • Maximum loan term is 30 years and each loan must be amortized monthly over the loan term.
  • FHLMC underwriting guidelines are used to evaluate all conforming conventional loans.
  • FHA insured and VA guaranteed loans will be accepted with approved insurance or guarantee. Automated underwriting is not required for FHA/VA applications and may be submitted through the Montana Board of Housing “Lender on Line” loan reservation system.

Investor properties and Jumbo loan applications are not eligible for purchase.

For loans requiring private mortgage insurance after July 29, 1999, MBOH will consider cancelation when the Homeowners Protection Act and/or FHLMC guidelines have been met.

Contact: Charles Brown, Homeownership Program, Montana Board of Housing: 406.841.2850.


Energy and Pollution Prevention Bureau (EPPB)

The MDEQ Energy and Pollution Prevention Bureau has a long history of providing non-enforcement assistance to enhance energy efficient upgrades, operation and management of energy and recycling for public buildings (state, county, and municipal).

The EPPB is responsible for improving energy efficiency and increasing use of renewable energy for power generation and transportation fuels; preventing pollution of air and water; reducing the amount of waste going into landfills; increasing recycling markets; and planning for energy emergencies.

Through these activities, the MDEQ has worked with schools, state and local governments in energy efficiency and pollution prevention programs.

Types of technical services include:

  • Helping identify buildings that need energy efficiency work
  • Identifying areas of improvement within a building
  • Providing training on utility bill analysis and utility deregulation issues
  • Providing information on state and regional programs which can assist in the implementation of energy efficient energy improvements and renewable energy
  • Providing assistance in preparing equipment specification language for bids and other procurement processes
  • Benchmarking energy use of buildings and providing information on incorporating energy efficiency options in new building design
  • Evaluating new technologies applicable for Montana schools
  • Assisting procurement and negotiation in energy performance contracting
  • Alternative energy project loans
  • Mini-operation and maintenance (O&M) contracts
  • Identifying recycling options and helping to initiate
  • Identifying energy analysis options (i.e., commissioning, energy studies, etc.) and helping develop a scope of work
  • Providing training on energy conservation measures and quality control, energy analysis options, energy performance contracting, benchmarking energy use, O&M, recycling and Montana Energy Code.

Some services are available for public housing as well.

Contact: Brian Green, Program Manager, MDEQ Energy Planning and Technical Assistance Section: 406.841.5230


Money Follows the Person (MFP)

MFP is a demonstration program. This program helps Montana shift its long term care system by reducing the use of institutionally based services and increasing the use of home and community based services (HCBS). MFP is focused on helping individuals transition from in-patient facilities to the community.

Contact: Brian Barnes, MFP Housing Coordinator, Department of Health and Human Services: 406.444.0947

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