Montana Statutes
§ 90-6-144 — Montana Community Reinvestment Plan
Montana·Title 90 PLANNING, RESEARCH, AND DEVELOPMENT·Ch. 6 COMMUNITY IMPACT -- PLANNING AND ABATEMENT·Part 1 Financing of Housing
90-6-144 . Montana community reinvestment plan. There is a Montana community reinvestment plan that enables regional community reinvestment organizations to reduce the cost of housing to an affordable range for Montana's workforce. The program creates a deed-restricted housing inventory that becomes attainable workforce housing infrastructure for employers, employees, and entire communities by distributing money to community reinvestment organizations that invest the funds by buying down the costs of mortgages for eligible households.
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Legislative History
En. Sec. 4, Ch. 774, L. 2023.
Nearby Sections
15
§ 90-6-1001
Oil, Gas, And Coal Natural Resource Accounts§ 90-6-101
Short Title§ 90-6-102
Legislative Declaration§ 90-6-103
Definitions§ 90-6-104
General Powers Of The Board§ 90-6-105
Meetings And Acts Of The Board§ 90-6-106
Adoption Of Rules§ 90-6-107
Deposit And Expenditure Of Funds§ 90-6-108
Financing Programs Of The Board§ 90-6-110
Supervision Of Housing Sponsors§ 90-6-111
Bonds And Notes§ 90-6-112
Provision Of Bond Resolutions§ 90-6-113
Validity Of Pledge§ 90-6-114
Personal Liability