Montana Housing works with community partners across the state, and together we ensure Montana families have access to safe and affordable homes.
Relationship to the State Government: Under Governor’s Direct Supervision
Current Staff Size: 70
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1975
Montana Board of Housing is established.
1987
Governor designates MBOH to administer Low-Income Housing Tax Credits.
2011
Montana Veterans’ Home Loan Mortgage program established with Coal Tax Trust Fund dollars.
2012
In-House Mortgage Servicing program launched
2019
Multifamily Coal Trust Homes program established with Coal Tax Trust Fund dollars
2020
Multifamily Housing Credits – Disbursed $600M
2020
Single Family Bond Issuances – Disbursed $2M
2020
Section 8 Programs – Disburses $70M annually
2020
Home Investment Partnerships Program – Disburses $30M annually
Total Finance Provided
Renters Served Since 1975
Homeowners Served Since 1975
Signature Program
Veteran’s Home Loan Program
Montana Veterans Home Loan Program provides first mortgage funds to Montana residents serving or who have served in the military through the federal armed services and the Montana National Guard. Program funds are provided from the principal of the Montanan Coal Tax Trust Fund; income and purchase price limits do not apply. The mortgage interest rate is 1% lower than market and assists eligible Veterans purchase their first home.
Total Funds Allocated: $60M
Future Focus
Cheryl Cohen
Executive Director
“Montana is a desirable place to live, work and play. Growth is coming and will continue to come to our beautiful state. In addition to effectively and efficiently utilizing federal resources for the development of affordable homes, we’re also engaging in conversations about what it would take for private market developers to build more starter homes, smaller homes and higher density projects to help meet the needs of Montana’s working families, young couples and seniors. We’re poised to work together to identify and implement best practices and embrace innovations that will bring forth the wave of workforce housing Montana needs to support modest and middle income families, grow our businesses and strengthen our communities.”
