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State Land Use Enacted Legislation
| Bill # | State | Year | Party | Topic |
|---|---|---|---|---|
HB 505 |
MT | 2025 | R | Affordable housing incentives and financing, Funding, Manufactured Housing |
Provided by Furman
Summary
- Adds requirement that all interest/income earned on the Montana housing infrastructure revolving loan fund must be retained in the fund account.
- States that the minimum density threshold for the use of funds in the housing infrastructure revolving loan fund account is 3 units per acre.
- Expands the permitted use of funds in the account to include:
- Securing bonds.
- Using interest income from the fund to finance residential ownership of mobile home parks or other multifamily housing.
Provided by lawmakers
Bill Title
Montana Housing Infrastructure Revolving Loan Fund: Allowing Use to Secure Bonds and Provide Financing for Eligible Projects