Montana Commerce’s Board of Housing Adds More Affordable Homeownership Opportunities with $42 Million Bond Sale

Nearly 200 Montana first-time-homebuyers will be able to access low- interest mortgage loans thanks to proceeds of a $42 million bond sale by the Montana Department of Commerce’s Board of Housing.

"For the economy to continue growing, we must house a growing workforce. Families thrive when there is stable, affordable housing available." Commerce Director Pam Haxby-Cote said. "This bond sale will allow more Montana families the ability to purchase their own home, and will make it easier for developers to build new affordable homes."

Approximately 190 Montana families with an average income of $50,000 will be able to move into a home that has an average purchase price of $161,000, as a direct result of the bond sale.

http://commerce.mt.gov/News/PressReleases/commerces-board-of-housing-adds-more-affordable-homeownership-opportunities-with-42-million-bond-sale