Montana Housing Infrastructure Revolving Bond Program
Program Description
The Montana Housing Infrastructure Revolving Bond Program provides financing options for expanding or extending water, wastewater, stormwater, street, road, curb, gutter, and sidewalk infrastructure to serve new or rehabilitated residential development. Provisions must be made to preserve the long-term affordability of the housing served by the infrastructure that runs with the property for the term of the security, if applicable. The Board of Investments (BOI) may purchase up to fifty percent (50%) of the security, not to exceed $10 million.
The BOI will work with an Approved Lender to fund the loans. Approved Lenders are responsible for underwriting and originating all loans.
Program Guidelines
Application Process
- Co-purchaser or eligible governmental unit representative completes and submits the Application form.
- BOI completes a full underwriting credit review.