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Committee hears bill to expand CPACE multifamily eligibility, sponsors call it a technical fix
Summary
House Bill 120 would revise the CPACE statute’s multifamily definition so typical 2–3 story low-rise apartment buildings without elevators aren’t excluded; proponents said the change removes an unintended barrier to affordable and workforce housing financing.
Representative Julie Darling introduced House Bill 120 to the House State Administration committee, saying the measure would change the statutory definition of “multifamily housing facility” within the Commercial Property Assessed Capital Enhancements (CPACE) Act so more housing projects can access private CPACE financing.
Adam Gill, executive director of the Montana Facility Finance Authority, told the committee the current CPACE definition cross-references a Montana Code Annotated provision tied to housing-discrimination law that deems a building ‘‘multifamily’’ only if it has four or more dwellings plus an elevator and…
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