House Bill No. introduced by J. Karlen aims to revise existing covenant laws in Montana to promote workforce housing affordability and attainability. The bill amends Section 70-17-203 of the Montana Code Annotated (MCA) to allow for covenants that restrict the sale, lease, or owner's share of equity appreciation of residential properties to individuals with specific incomes or occupations. This change is intended to ensure that housing remains affordable and accessible for the workforce in the state.

The bill includes specific legal language changes, such as the addition of a new subsection (e) that explicitly allows for these covenants aimed at encouraging long-term affordability in workforce housing. Additionally, it removes the conjunction "and" before the new insertion, which clarifies the list of covenants that run with the land. Overall, the legislation seeks to create a framework that supports the development of affordable housing options for individuals in certain income brackets and occupations.

Statutes affected:
LC Text: 70-17-203
HB0422_1(1): 70-17-203
HB0422_1(2): 70-17-203
HB0422_1(3): 70-17-203
HB0422_1(4): 70-17-203
HB0422_1: 70-17-203