Montana Housing
Montana Housing’s purpose is to create affordable housing opportunities for Montanans whose needs are not met by the market
- Agency
- Type
- State Resource
- Phone
- 406-841-2840
- Application Period
- Income Limit
Montana Housing’s purpose is to create affordable housing opportunities for Montanans whose needs are not met by the market. They partner with local housing organizations across the state to leverage federal funding.
Montana Housing’s purpose is to create affordable housing opportunities for Montanans whose needs are not met by the market. They partner with local housing organizations across the state to leverage federal funding.
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Montana Career Information System
An online tool providing assessments and information on career planning, education, and employment opportunities in Montana.
View Full ImageTranPlanMT Transportation Assets
A comprehensive guide detailing transportation assets in Montana as part of the TranPlanMT initiative. Aimed at planning and managing transportation resources.
View Full ImageImpact Reports
Debunking Myths: Housing Assistance and Stigma
9/5/2021 | Coverage: national
This document provides evidence to counter stigma associated with housing aid, presenting case studies of successful participants.
Source: Stigma Reduction Coalition
Coverage Area: national
Economic Pressures and Housing Assistance: A Growing Need
1/10/2023 | Coverage: national
This research paper discusses how rising costs and stagnant wages create an increased reliance on housing assistance across the U.S.
Source: National Economic Research Institute
Coverage Area: national
Housing Affordability in Montana: Challenges and Solutions
5/22/2023 | Coverage: state
This report assesses the challenges of housing affordability in Montana and the role of assistance programs in mitigating these issues.
Source: Montana State University
Coverage Area: state
The Impact of Montana Housing Assistance Programs on Community Well-Being
4/15/2022 | Coverage: state
This report explores the positive outcomes of housing assistance programs in Montana, focusing on community development and participant empowerment.
Source: Montana Housing Authority
Coverage Area: state
Program Timeline
Dodd-Frank Wall Street Reform and Consumer Protection Act
7/29/2010Introduced regulations aimed at protecting consumers from predatory lending practices, significantly impacting housing finance.
Tax Reform Act of 1986
10/22/1986Introduced significant tax incentives for developers, which encouraged investment in affordable housing projects.
Housing and Community Development Act
10/18/1974This act consolidated various housing assistance programs and aimed to provide decent housing and a suitable living environment for all Montanans.
Housing Act of 1968
4/11/1968Enactment of the Housing Act aimed at expanding housing opportunities and improving urban environments.
FAQ
Montana offers several programs aimed at helping first-time homebuyers, including down payment assistance and affordable housing loans. The Montana Housing Division provides programs such as the 80% AMI Program and the Regular Bond Loan Program, designed to make homeownership more accessible.
Reference: https://housing.mt.gov/Homebuyers
Eligibility criteria and program availability are subject to change based on state regulations and funding.
To apply for rental assistance in Montana, you should contact your local housing authority or a non-profit organization that specializes in housing assistance. They will provide you with the necessary application forms and guidance on the process. Be prepared to provide income verification and information about your household size.
Here’s a quick checklist to help you prepare for your rental assistance application:
- Gather income verification documents (pay stubs, tax returns)
- Collect personal identification (driver's license, social security card)
- Prepare information about your current housing situation
- Complete the rental assistance application form
Following this checklist will ensure you have everything needed for a successful application.
Here are some action items to consider as you apply for rental assistance:
- Research local housing authorities in your area
- Reach out to local non-profits for additional support
- Submit your application as soon as possible to avoid delays
- Follow up on your application status within a few weeks
Taking these actions can help expedite your application process.
Reference: https://www.montanahousing.org/rental-assistance
Availability of rental assistance programs may vary by location and eligibility requirements.
Montana offers a variety of affordable housing options including public housing, Section 8 vouchers, and low-income housing tax credit properties. Local non-profits and housing authorities also provide assistance and resources for residents in need. It is important to check with local agencies for specific programs available in your area.
Reference: https://www.hud.gov/states/montana
Housing costs in Montana can vary significantly depending on the location and type of housing. On average, a one-bedroom apartment in a city like Billings may range from $800 to $1,200 per month, while rural areas tend to be more affordable. It's important to consider additional costs such as utilities, maintenance, and property taxes when budgeting for housing.
Reference: https://www.zillow.com/montana/home-values/
These figures are estimates and can fluctuate based on market conditions.
