First program receives funding from Housing Innovation Fund

On Feb. 8, 2024, the Missoula County commissioners approved a loan agreement between Missoula County and NeighborWorks Montana toward the purchase of the Two Rivers Manufactured Home Park in Lolo. This includes $310,000 of a Community Development Block Grant loan (which flows through from the State of Montana) and $100,000 from the Housing Innovation Fund. The 59-unit Manufactured Home Park will now be resident-owned community to ensure secured housing. This is the first use of the Housing Innovation Fund, which the commissioners created in February 2023. The fund has $750,000, generated from past sales of lots in the Missoula Development Park. The $100,000 loan is a 0% interest loan over 10 years, at which point it will be paid back into the HIF.