Montana Housing Infrastructure Bond Guarantee Program

Program Description

The Montana Housing Infrastructure Bond Guarantee Program provides bond guarantees for a fee in the form of a loan to the bond issuer equal to the bond’s reserve fund deficiency, not to exceed $10 million per bond, in lieu of a pledge of the issuer’s revolving loan fund.  The guarantee is for eligible governmental unit bonds used to finance projects with the minimum gross density and affordability provisions determined in Policies 70.751 and 70.752.

Program Guidelines

Policy 7.750     Policy 70.751     Policy 70.752

Application Process

• An eligible governmental unit representative completes and submits the Application form. 
• BOI completes a full underwriting credit review.