Montana HB878 authorizes additional funding for low-income and moderate-income housing loans from the permanent coal tax trust fund.
Montana HB878 amends the Montana Code to authorize additional funding for low-income and moderate-income housing loans from the permanent coal tax trust fund. The bill revises project requirements and allows the board of housing to administer $115 million of the coal tax trust fund for housing loans. It also allows the Montana facility finance authority to administer $15 million for capital projects. The board of investments can make loans to cities, towns, counties, or consolidated city-county governments impacted by coal-fired generating unit closures. The bill is effective July 1, 2025.
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- Legal Framework
- Critical Issues
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