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Montana Report: State LIHTC Would Increase LIHTC Production by 40% Annually

Thursday, March 2, 2023 - 10:30AM

A report from the University of Montana Bureau of Business and Economic Research shows that the addition of a state low-income housing tax credit (LIHTC) would significantly increase use of federal 4% LIHTCs and would increase the number of LIHTC-financed homes across the state by 40.8% annually. An Assessment of the Potential Impacts of a Montana Low-Income Housing Tax Credit evaluated the effect of a state credit similar to one passed by the state Legislature but vetoed in 2021. The report finds “expected net positive impacts from the additional economic activity stimulated by expanding affordable housing development in the state.” No legislation has been introduced in the current session of the Montana Legislature to enact a state LIHTC.

The pairing of state and national LIHTCs will be a topic at the Novogradac 2023 Affordable Housing Conference, April 27-28 in San Francisco.

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