Montana Housing Infrastructure Revolving Bond Program

Borrowers are "eligible government units" as defined in Section 17-5-1604, MCA.

Co-purchaser is the entity that will hold 50% or more of the Borrower bond or other security used to finance this project.
Eligible projects are expanding or extending water, wastewater, storm water, street, road, curb, gutter, and sidewalk infrastructure to serve new or rehabilitated residential development.
Fixed or variable-rate financing up to 20 years.
Bonds or other securities purchased are made on a first come first serve basis.
Maximum BOI participation is up to fifty percent (50%) of the bond or other security issued.
Program interest rate is up to twenty-five percent (25%) of the Co-purchaser's rate and is exclusive of any fees. BOI may reduce the interest rate for long-term affordability focused projects as designated by the Borrower.
Borrower must demonstrate that:
- The infrastructure project will provide for residential development at a minimum gross density of 10 units for each acre; and
- Made findings that the infrastructure funded in part by a security provides for provisions to preserve long-term affordability of the housing that runs with the property for the term of the security.

Co-purchaser or Borrower representative completes and submits the Application form.
BOI completes a full underwriting credit review.