Montana Housing Task Force Recommends State LIHTC Tied to Zoning Reform in Final Report to Governor
The Montana Governor’s Housing Task Force transmitted Friday its final report to Gov. Greg Gianforte of its recommendations and strategies to increase the state’s supply of workforce housing, including creation of a state affordable housing tax credit; regulatory reform and investments in workforce development and private-sector home construction. The state housing tax credit would be tied to local zoning reform, alleviating the construction of subsidized housing in areas where local government agencies address zoning barriers that limit housing supply. The report includes comments fielded from the public during the past two weeks since a draft of the report was issued. It is the first of two reports; the latter is due Dec. 15 to Gianforte and will focus on recommendations for regulatory changes and best practices that could be adopted by state agencies and local governments.
Federal and state low-income housing tax credits (LIHTCs) will be central to the discussion at the Novogradac 2022 Tax Credit Housing Finance Conference Dec. 1-2 in Las Vegas.