Homes in Five Communities to be Built or Rehabilitated

(HELENA) – The Montana Department of Commerce announced today that more than $39 million in federal housing tax credits has been allocated by the Montana Board of Housing to five developers to build new or rehabilitate 160 affordable homes in five Montana communities.
“As Montana’s economy continues to grow, it is crucial that our workers and their families have an affordable place to call home. The projects that were selected by the Board will provide more affordable housing options for families and seniors in Billings, Kalispell, Livingston, Miles City and Missoula,” said Commerce Director Marta Bertoglio.
The Montana Board of Housing is administratively attached to the Montana Department of Commerce. Federal housing tax credits flow through the State agency and fund the construction or rehabilitation of affordable rental homes each year. This year’s awarded properties will support the creation of an estimated 413 jobs and nearly $26 million in local wages.