The bill aims to revise the administration of the Housing Montana Fund by removing previous restrictions on funds received from the federal government in 2001. Additionally, it eliminates certain income requirements that were previously necessary for obtaining loans from the fund. These changes are intended to enhance accessibility and flexibility in the use of the Housing Montana Fund, thereby promoting housing opportunities.

Furthermore, the bill extends the rulemaking authority related to the administration of the fund, allowing for more adaptive governance in response to changing housing needs. It amends Section 90-6-133 of the Montana Code Annotated (MCA) to reflect these updates and provides an effective date for the implementation of these changes.

Statutes affected:
HB0244_1.pdf: 90-6-133
Introduced: 90-6-133