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Montana's comeback depends on HB 397


Montana s comeback depends on HB 397
 
Montana is facing a housing crisis. 
A lack of affordable housing is keeping working Montanans out of homes and forcing families to pay up 50 percent or more of their monthly incomes in rent. Lumber prices and labor shortages make it even tougher for developers to offer affordable homes to working families.
HB 397 bill will provide a state-based funding resource to help private developers make homes affordable and economical. Both chambers of the 67th Montana Legislature passed House Bill 397, and it is now on the governor’s desk. The only thing standing between more affordable homes a. ....

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Montana Housing Coalition plans to take affordable housing ideas to the Legislature


Montana Housing Coalition plans to take affordable housing ideas to the Legislature
By:
Tim McGonigal
and last updated 2020-12-31 14:38:19-05
GREAT FALLS — Affordable housing has always been an issue in Montana. It seems to have taken on added importance during the COVID-19 pandemic. According to the Montana Housing Coalition, since 1990, Montana rents have increased by 26% compared to 16% nationally, homeownership rates in the Treasure State have dropped from 70% to 67% since 2006, and nearly 30,000 Montana homes are in poor or very poor condition.
The MHC is a statewide policy making group of developers, communities. agencies, and others dedicated to changing those statistics. One place they plan to be heard is the 2021 Legislature, starting with an effort to increase the coal tax loan fund by $15 million. ....

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