Housing Division Portfolio
Click the links below to find the affordable housing in Montana that has been financed with Federal Housing Program funds administered by the Housing Division. To find available vacant units listed by owners, go to MTHousingSearch.com
What is Project Based Section 8? A PHA can attach up to 20 percent of its voucher assistance to specific housing units if the owner agrees to either rehabilitate or construct the units, or the owner agrees to set-aside a portion of the units in an existing development. Units must meet HUD housing quality standards.
Who is eligible? Any eligible family on a PHA's housing choice voucher waiting list that is interested in moving into the specific project. Owners select families for occupancy of a particular unit after screening each family. See the Income Limits.
How do you obtain a project-based voucher? PHAs refer families who have already applied for housing choice vouchers and are on the waiting list to properties that have project-based voucher assistance when units become vacant. Click here to apply.
How much rent does the voucher cover? The PHA pays the owner the difference between 30 percent of family income and the gross rent for the unit.
What is Low Income Housing Tax Credits? The LIHTC Program was enacted by Congress in 1986 to provide the private market with an incentive to invest in affordable rental housing. Federal housing tax credits are awarded to developers of qualified projects. Developers then sell these credits to investors to raise capital (or equity) for their projects, which reduces the debt that the developer would otherwise have to borrow. Because the debt is lower, a tax credit property can in turn offer lower, more affordable rents.
Who is eligible? Anyone may apply. Eligibility will be determined by income, background check, student status, etc. See the Income Limits and Max Rents to determine if you are interested in this type of housing.