Montana SB504 authorizes up to $75 million in grants for nonprofit corporations to develop permanent supportive housing.

Montana SB504 establishes a grant program for nonprofit corporations to develop permanent supportive housing. The Department of Commerce can award up to $75 million in grants for property acquisition, construction, and other related expenses. The bill defines "permanent supportive housing" as multifamily complexes providing long-term leases and onsite support services for homeless or at-risk individuals. The state treasurer must transfer $50 million from the general fund and $25 million from the behavioral health fund into a dedicated account for these grants.

Montana SB504 authorizes up to $75 million in grants for nonprofit corporations to develop permanent supportive housing.

Montana SB504 establishes a grant program for nonprofit corporations to develop permanent supportive housing. The Department of Commerce can award up to $75 million in grants for property acquisition, construction, and other related expenses. The bill defines "permanent supportive housing" as multifamily complexes providing long-term leases and onsite support services for homeless or at-risk individuals. The state treasurer must transfer $50 million from the general fund and $25 million from the behavioral health fund into a dedicated account for these grants.