LC 3755 Legislature · 2025 Regular Session

Authorize additional funding for coal trust loan program for housing

This bill authorizes the Montana Board of Investments to allocate an additional $50 million from the permanent coal tax trust fund for low-income and moderate-income housing loans, increasing the total available funding to $115 million. The legislation allows the Montana Board of Housing to administer these funds for developing and preserving homes and apartments to help eligible residents meet basic housing needs. It also updates related state statutes to clarify how these funds are managed and repaid into the coal severance tax permanent fund. The bill directly affects housing developers, nonprofit organizations, and low-to-moderate income households seeking affordable housing assistance through state loan programs.
Bill status introduced 1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
Governor
Introduced Dec 14, 2024 Last action Mar 20, 2025
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