Senate Bill No. [insert bill number] aims to establish a Permanent Supportive Housing Development Grant Program in Montana, which will provide grants to nonprofit corporations for the acquisition, construction, or rehabilitation of housing projects that support long-term leases and services for individuals who are currently homeless or at risk of homelessness. The bill defines "homeless" according to federal regulations and outlines what constitutes "permanent supportive housing," including long-term leasing for low-income individuals and onsite support services such as mental health therapy, addiction recovery, and employment assistance.

The bill also creates a dedicated account within the state special revenue fund to manage grant funding, with the Department of Commerce responsible for administering the program. It authorizes up to $75 million in grants for eligible nonprofit projects, stipulating that funds will be disbursed based on the availability of resources and adherence to specific grant conditions. Additionally, the bill mandates a transfer of $50 million from the general fund and $25 million from the behavioral health system fund into the new account, with an effective date set for July 1, 2025.