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Committee boosts coal‑trust loan program with $50 million to keep affordable housing projects moving
Summary
The House Taxation Committee approved a $50 million expansion of the coal-trust multifamily loan program to continue financing affordable rental housing across Montana. The program uses repayable loans and proponents said it leverages private investment and preserves the trust’s value.
Representative Mark Payne presented House Bill 878 to expand the coal-trust multifamily-housing loan program by $50 million. Payne said the program has been a “smart, proven solution” that leverages private investment and supports construction in communities that otherwise cannot build affordable multifamily projects.
Proponents — including the…
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