Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves $1.339 million TIF participation for workforce homeownership project in South Billings
Summary
The council approved the South Billings urban renewal advisory committee's recommendation to provide up to $1,339,276 in TIF assistance for a 35‑unit workforce homeownership project (South Hills Commons) that uses the Montana Community Reinvestment Plan mortgage buy‑down model to deliver deed‑restricted, income‑qualified owner‑occupied homes.
The council on May 11 approved tax‑increment financing assistance up to $1,339,276 for South Hills Commons, a 35‑home workforce homeownership project in the South Billings renewal district.
Project proponents explained the Montana Community Reinvestment Plan (MCRP) financing model, which pairs state‑administered down‑payment/mortgage buy‑down funds with local capital to offer discounted purchase prices and lower monthly…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
