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Lawmakers consider expanding housing infrastructure loan fund; proponents say it unlocks development, analysts seek metrics
Summary
Representative Mike Vinton presented House Bill 505 to expand the Montana Housing Infrastructure Revolving Loan Fund by adding proposed transfers and broadening eligible uses to finance water, sewer and roads that unlock housing development.
Helena — House Bill 505, introduced by Representative Mike Vinton, would expand and broaden a state revolving loan and bond support program intended to finance infrastructure for new housing development across Montana.
Vinton told the committee the bill would increase the fund through transfers in 2025 and 2026 (a proposal to add $100 million and $50 million in the current bill), expand eligible uses to include loans, bonds and deposit support, and lower the residential density threshold in some program components from 10 lots per acre to four to encourage a wider range of housing types.
Proponents — including the Montana Bankers Association, the Montana League of Cities and Towns, the…
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