The bill establishes the Montana Community Reinvestment Plan aimed at enhancing attainable workforce housing and supporting community reinvestment organizations. It outlines the distribution of funds to these organizations and sets forth requirements for their operation. Additionally, the bill creates the Montana Housing Infrastructure Revolving Account within the state special revenue fund, which will be managed by the Board of Investments and the Governor's Office of Economic Development. It also specifies eligibility criteria for fund usage, deed restrictions, and planning grants from the Department of Commerce.

Furthermore, the legislation authorizes increased funding for low-income and moderate-income housing loans sourced from the Permanent Coal Tax Trust Fund and amends the terms of these loans. It includes provisions for the transfer of funds, appropriations, and defines key terms related to the initiative. The bill amends existing sections of the Montana Code Annotated (MCA), specifically sections 17-6-308 and 90-6-137, and is set to take effect immediately upon passage.

Statutes affected:
HB0819_1.pdf: 15-30-2303, 17-7-502
HB0819_2.pdf: 15-30-2303, 17-7-502
HB0819_3.pdf: 15-30-2303, 17-7-502
HB0819_4.pdf: 15-30-2303, 17-7-502
HB0819_5.pdf: 15-30-2303, 17-7-502
Amended: 15-30-2303, 17-7-502
Introduced: 15-30-2303, 17-7-502