American Rescue Plan Act

The American Rescue Plan(ARPA) funds were released by the U.S. Department of the Treasury in 2021 and aids in providing support for costs incurred during the economic challenges resulting from the pandemic.

Please click HERE is additional information on the ARPA Coronavirus State & Local Fiscal Recovery Funds for the State of Montana.  

Montana Housing with the Department of Commerce was awarded $15 million by the Economic Transformation, Stabilization & Workforce Development Advisory Commission in the Fall of 2021. This $15 million of ARPA Section 602 funds under HB 632 Section 12(1) will ensure affordable housing in the development pipeline that has already received federal funding awards or Housing Credit allocations in prior years will be successfully completed. The $15 million was fully allocated to projects and there are no additional funds left from this award.

 

See the links below for additional information:

Governor Approval Including List of Awarded Projects

Memorandum for Gap Financing for Affordable Housing