Montana Department of Commerce
Montana

Montana has limited funds available to provide permanent financing for multifamily rental homes. Interest rates are based the income eligibility threshold of a project. Projects receiving this financing must remain affordable for a minimum of 15 years.

Funding Source
Dedicated funding stream - Other
Program Status
Active
Website
https://housing.mt.gov/Multifamily-Development/Multifamily-Funding-Sources
How Provided?
Development loans
Data Collected by Program
Does not collect data on income, race, ethnicity, disability status, or age
Program Type
Capital resources
Income Eligibility Threshold
Other income eligibility criteria
Duration
Affordability period is 15 years
Info Source
NLIHC internet research
Last Updated
8/9/23 10:26
Other Eligibility Requirements

No other eligibility requirements

Coordinates Eligibility With

Does not coordinate with other systems

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Does not prioritize beyond eligibility requirements