State Housing Board to Meet in Crow

By Montana Board of Housing

The Montana Board of Housing will hold their monthly public meeting Monday. The meeting begins at 8:30
a.m. and will be held at the Crow Tribal Housing Authority.

“The Montana Board of Housing is a champion for housing issues across Montana,” Gov. Brian Schweitzer said. “I support the board’s continued efforts to make safe, affordable housing accessible to every Montanan.”

Community leaders and members of the public interested in programs offered by the MBOH will have a chance to talk with board members about housing issues at the beginning of the meeting.

“The working relationship between local leaders and citizens across the state and the MBOH has been critical in the development of several wonderful and affordable properties that clearly benefit the hard-working people of Montana,” said Chairman J.P. Crowley. “I look forward to meeting members of the Crow Agency Tribal Council and the Crow Tribal Housing Authority as we look forward
to the new challenges facing us in 2008.

To date, the MBOH has provided the following financing for area counties.

• Big Horn County -- 142 home loans for $7,152,014 and 2 TANF loans for $10,305

• Carbon County -- 165 home loans for $9,492,619 and 2 RAM loans for $136,000

• Rosebud  County -- 108 home loans for $5,813,987 and 1 RAM loans for $20,800

• Stillwater County -- 140 home loans for $9,808,136 and 5 RAM loans for $379,000
  and 1 TANF loan for $5,000

• Treasure County -- 1 home loan

• Yellowstone County -- 9,407 home loans for $633,715,657 and 24 RAM loans for $1,904,644
  41 TANF loans for $349,283

In total, 9,963 home loans have been financed by the MBOH for a total of more than $633 million for
these counties, as well as, 32 Reverse Annuity Mortgages totaling nearly $2.5
million and 44 TANF loans for over $364 thousand.

Since 1990, Big Horn County has been awarded $77,324 in tax credits by the Montana Board of Housing in
Hardin for 40 units which equates to nearly $500,000 in investor equity.
The MBOH will make reasonable accommodations for persons with disabilities who wish to participate
in the public meeting. A person in need of accommodation should contact the
Housing Division at (406) 841-2840 no later than May 2, 2008.

Editor's note: This article is a Montana Department of Commerce release and was posted April 30.