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Housing officials warn of HUD funding shortfalls for vouchers, outline ARPA and housing trust investments
Summary
Housing Division Administrator Cheryl Cohen told the appropriations subcommittee that reduced federal disbursements required closing new Section 8 voucher issuances and drawing down reserves; she summarized Board of Housing activities, ARPA-funded gap financing, homeowner assistance demand, and recent HOME and HTF awards.
Cheryl Cohen, Housing Division Administrator and executive director of the administratively attached Montana Board of Housing, told the Section A Subcommittee of Appropriations that Commerce's rental assistance programs are under pressure after the U.S. Department of Housing and Urban Development reduced disbursements, triggering a pause on new voucher issuances and a drawdown of Commerce's HUD-held reserves.
Cohen said the statewide Housing Choice Voucher (Section 8) wait list was closed and voucher issuances were paused effective Aug. 15 because HUD disbursements were lower than expected. Commerce drew between $300,000 and $500,000 per month from HUD-held reserves to cover housing assistance payments; HUD required two offsets to those reserves in 2024 that…
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