State of Montana HOME Program Income Plan for Missoula County

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The Program Income Plan has been sent to the state and Missoula County is waiting on next steps.


Missoula County seeks public comment on changes to a HOME Program Income Plan with the State of Montana Department of Commerce. Proposed changes include expanding eligible uses of program income to support projects that increase the supply of safe and accessible housing for low-to-moderate income residents in Missoula County. 

Background:  

In 1992, Missoula County was awarded a grant from the Montana Department of Commerce HOME Investment Partnership Program (HOME), a grant program through the U.S. Department of Housing and Urban Development (HUD). The grant supported first-time homebuyers with down payment assistance through a shared equity loan that would be paid back when the property sold, was foreclosed or refinanced. Funds that have been repaid through this program can support housing affordability programs within Missoula County and are referred to as Program Income. The proposed changes to the Program Income Plan would enable the county to broaden uses of Program Income to eligible activities such as housing rehab and housing development activities. 


Public Comment:  

Submit public comment by Friday, Feb. 20 using the comment tool below.  


Project Lead:  

Melissa Richards, 406-258-3447 

Kayla Talbert, 406-258-4947  


Important Links and Documents:  


Missoula County seeks public comment on changes to a HOME Program Income Plan with the State of Montana Department of Commerce. Proposed changes include expanding eligible uses of program income to support projects that increase the supply of safe and accessible housing for low-to-moderate income residents in Missoula County. 

Background:  

In 1992, Missoula County was awarded a grant from the Montana Department of Commerce HOME Investment Partnership Program (HOME), a grant program through the U.S. Department of Housing and Urban Development (HUD). The grant supported first-time homebuyers with down payment assistance through a shared equity loan that would be paid back when the property sold, was foreclosed or refinanced. Funds that have been repaid through this program can support housing affordability programs within Missoula County and are referred to as Program Income. The proposed changes to the Program Income Plan would enable the county to broaden uses of Program Income to eligible activities such as housing rehab and housing development activities. 


Public Comment:  

Submit public comment by Friday, Feb. 20 using the comment tool below.  


Project Lead:  

Melissa Richards, 406-258-3447 

Kayla Talbert, 406-258-4947  


Important Links and Documents:  

The Program Income Plan has been sent to the state and Missoula County is waiting on next steps.

We will try to respond within five business days.

  • Share The proposal is very vague about who the funds will be transferred to for development. How is this any different from all of the developments that promised a percentage of affordable housing that has not happened? What is the criteria to turn funds over to developers? That is very unclear on Facebook Share The proposal is very vague about who the funds will be transferred to for development. How is this any different from all of the developments that promised a percentage of affordable housing that has not happened? What is the criteria to turn funds over to developers? That is very unclear on Twitter Share The proposal is very vague about who the funds will be transferred to for development. How is this any different from all of the developments that promised a percentage of affordable housing that has not happened? What is the criteria to turn funds over to developers? That is very unclear on Linkedin Email The proposal is very vague about who the funds will be transferred to for development. How is this any different from all of the developments that promised a percentage of affordable housing that has not happened? What is the criteria to turn funds over to developers? That is very unclear link

    The proposal is very vague about who the funds will be transferred to for development. How is this any different from all of the developments that promised a percentage of affordable housing that has not happened? What is the criteria to turn funds over to developers? That is very unclear

    Anetanut asked about 2 months ago

    Thank you for reaching out. Please see the following answers to your questions. 


    How is this any different from all of the developments that promised a percentage of affordable housing that has not happened?

    The proposed changes to the program income plan would enable Missoula County to expand how HOME program income is used to include supporting eligible activities such as housing rehab and housing development.

     

    What is the criteria to turn funds over to developers?

    HOME program income funds must be used to support projects for low-to-moderate income residents in Missoula County (outside city limits) and follow eligibility criteria outlined by the Montana Department of Commerce.