News

4 Montana Communities to Receive Coal Trust Funding to Develop Affordable Rental Homes

Funding will help rehabilitate 166 affordable homes in four communities

The Montana Department of Commerce announced Thursday that four Montana communities will receive funding to support the rehabilitation of existing affordable rental homes through the Multifamily Coal Trust Homes program. 

Thursday, April 9, 2020

Montana Department of Commerce Announces $15 Million to Develop Affordable Homes

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.

Monday, December 9, 2019
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COMMUNITY DEVELOPMENT DIVISION | MONTANA DEPARTMENT OF COMMERCE
301 S PARK AVENUE | PO BOX 200523 | HELENA, MT 59620-0523 | P: (406) 841-2770 | F: (406) 841-2771 | TDD: (406) 841-2702

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