Multifamily Bond Program

 

Conduit Bond Program

Conduit Bonds are issued, for the purpose of financing a mortgage loan made to a sponsor of a multifamily housing project located in the State of Montana for the construction, acquisition or rehabilitation of a Project which incorporates the use of low income housing tax credits.

 MBOH Policy for Multifamily Conduit Bond Click Here

General Obligation Program

Permanent financing for multifamily rental homes. The Board obtained a General Obligation (G.O.) rating of A2 from Moody’s Investors Service April 1997. With this rating, the Board can issue tax exempt bonds to finance projects that do not have mortgage insurance.

Eligible Applicants

For-profit, non-profit, and governmental entities as Single Asset Mortgagors.

Eligible Activities

Residential rental homes meeting affordability guidelines and available to the general public. May be new construction and acquisition with substantial rehabilitation with complete living units.

Loan Requirements and Process click here.