LC 3244 Legislature · 2025 Regular Session

Allow covenants that provide housing affordability

This bill amends Montana law to allow property covenants that restrict the sale or lease of homes to individuals with specific incomes or occupations, aiming to preserve workforce housing affordability. The change permits developers or homeowners to legally bind future property sales to buyers who meet certain income or job requirements, ensuring housing remains accessible to workers. By updating the legal framework for land covenants, the legislation enables long-term restrictions on property ownership that support affordable housing goals without requiring government intervention.
Bill status introduced 1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
Governor
Introduced Dec 14, 2024 Last action Feb 5, 2025
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