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Montana Housing Accepting Applications for Multifamily Coal Trust Homes Program

Thursday, December 5, 2019 - 3:30PM

Montana Housing is accepting applications through Dec. 30 for the Multifamily Coal Trust Homes Program, which will provide $15 million of Coal Tax Trust Fund dollars through low-interest loans to develop affordable rental homes. The program was created by H.B. 16 and covers multifamily rental properties that provide housing to low-income and moderate-income residents. The funds can be used for new construction, acquisition and/or rehabilitation of existing homes, acquisition of land for multifamily rental homes and land trusts for rental, mobile or manufactured homes.

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