The Montana Board of Housing allocates Montana’s share of federal Low-Income Housing Tax Credits, or housing tax credits, through a competitive annual process. These housing tax credits allow developers to borrow less money for construction and pass those savings along to families and individuals through lower rents.
Each year, Montana housing tax credits fund the construction or rehabilitation of about 220 affordable homes. Over the 30-year history of the credits, more than 7,400 affordable homes have been developed in Montana. The development of these affordable homes is also a tool for economic growth by supporting good-paying construction jobs and local tax revenue.
2020 Annual Compliance and Fair Housing Training
Please join us at Fairmont Hot Springs April 28 - May 1, 2020 for 3 days of Compliance Training and one full day of Fair Housing.
Use this link to register: https://app.mt.gov/accessgov/doc-multifamily/Forms/Page/f46b44c2-8e0d-4d3d-af60-b78c89bf4f66/0/1
Agenda: click here
Reserve your room by either calling 800-332-3272 and ask for Montana Board of Housing Room block or online at https://book.b4checkin.com/chameleon/fairmonthotsprings#groupSignIn [book.b4checkin.com] and enter the Group code: 23343 The rooms will be released on March 31, 2020.
Housing Credits Awarded
Each fall, the Montana Board of Housing votes on the final allocation of Montana’s housing tax credits for the construction or preservation of affordable homes. Congratulations to all Montana’s housing tax credit awardees.
First Award Round deadlines scheduled in calendar year 2020 (for 2021 9% Tax Credits). The Board has the descretion to change these dates at anytime.
- Letter of Intent Submission 2nd Monday in April (4/13/2020)
- Applicant Presentations/Board Invitation to Apply May Board Meeting (5/18/2020)
- Application Submission First Monday in August (8/3/2020)
- Award Determination October Board Meeting (10/19/2020)
Invitations to Apply for Housing Credits
Each summer, the Montana Board of Housing meets, in accordance with the process and schedule outlined in the Qualified Allocation Plan. At this meeting, Montana Housing staff present Letters of Intent to the Board, and eligible housing tax credit applicants are provided the opportunity to present development proposals.
Interested community members are also invited to attend in-person or via webinar to provide public testimony. At the conclusion of this meeting, the Board invites a maximum of eight applicants to formally submit a full housing tax credit application for consideration
The communities selected to apply for 2020 tax credits include: Absarokee (Homestead Lodge), Bozeman (Timber Ridge), Butte (Paxson Place), Dillon (Pioneer Meadows), Hardin (Hardin Senior Housing), Helena (Fire Tower), Missoula (Skyview) and Stevensville (Nicole Court).
Letters of Intent for Housing Credits
Applicants interested in applying for Housing Credits in Montana must submit a Letter of Intent in compliance with all guidelines outlined, inclusive of all required information (including Application fee) and by the deadline specified within the applicable Qualified Allocation Plan.
Existing Housing Credits Properties
Find a list of current Housing Credit Properties here.
For Qualified Contract Process documents and procedures, please contact Montana Housing at 406-841-2840.