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Montana Department of Commerce Announces $15 Million to Develop Affordable Homes
December 10, 2019 /
Now accepting applications to the Multifamily Coal Trust Homes Program
The Montana Department of Commerce announced Monday that for the first time, state dollars are now available to develop affordable rental homes. Commerce’s Montana Housing is accepting applications for the Multifamily Coal Trust Homes Program. The new program makes available $15 million of Coal Tax Trust Fund dollars to develop affordable rental homes by providing developers with low-interest rate loans.
“This program is a new tool that will expand the capacity for housing developers to provide more needed, quality affordable homes for families and individuals in Montana,” Montana Department of Commerce Director Tara Rice said.
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