Montana HB422 would allow covenants to restrict property sales and leases to specific income and occupation individuals to promote workforce housing.
Montana HB422 revises covenant laws to permit covenants that restrict the sale, lease, or equity appreciation of residential properties to individuals with specific incomes and occupations. The goal is to encourage long-term workforce housing affordability and attainability. The bill amends Section 70-17-203, MCA, to include these new types of covenants.
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