Montana Programs

Government Grants & Incentives for Real Estate Investors in Billings

Billings is Montana's largest city with Montana Board of Housing's LIHTC program supporting affordable housing development. The city's growing energy and agricultural economy creates consistent housing demand.

4 designated tracts
Opportunity Zones
$1,018
Section 8 (2-BR)
LIHTC
Tax Credits Available
4
Local Programs

State Housing Finance Agency

Montana Board of Housing

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Public Housing Authority

Housing Authority of Billings

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Local Programs

Billings Government Incentive Programs

These programs are available specifically to investors and developers in the Billings, MT market.

Montana Board of Housing LIHTC Program

Montana allocates LIHTC credits through the Board of Housing for affordable multifamily development.

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Montana Coal Trust Multifamily Program

State program providing loans for affordable multifamily housing using coal tax trust funds.

City of Billings CDBG/HOME

Federal community development funds for affordable housing and community improvement.

Billings TIF Districts

Tax increment financing supporting housing and commercial development in designated districts.

LIHTC Tax Credits in Montana

Low-Income Housing Tax Credits are the largest source of affordable housing financing in the U.S. In Montana, credits are allocated by Montana Board of Housing.

How LIHTC Works

  • Dollar-for-dollar federal tax credit over 10 years
  • 9% competitive credits for new construction
  • 4% credits paired with tax-exempt bonds
  • 15-year compliance period for affordable rents

Montana Allocator

Credits are allocated by Montana Board of Housing through their Qualified Allocation Plan (QAP), which outlines scoring criteria and priorities.

View Montana Board of Housing LIHTC Program
Investor Tips

Why Invest in Billings?

No sales tax in Montana reduces construction and operating costs

Coal Trust fund provides unique state financing

Limited competition for LIHTC credits in a small-state allocation

Energy industry creates stable employment and housing demand

Finance Government-Incentivized Properties in Billings

FundNow Capital provides DSCR loans, bridge financing, and portfolio loans that complement government incentive programs in Billings.

DSCR Loans

Qualify using Section 8 rental income — government-backed rents strengthen your DSCR ratio.

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Bridge Loans

Short-term financing to acquire and stabilize properties before permanent LIHTC or agency financing.

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Portfolio Loans

Finance multiple properties in Billings's Opportunity Zones under a single loan structure.

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Frequently Asked Questions

Get Financing for Investment Properties in Billings

Tell us about your Billings investment plans. We'll match you with the best financing options within 24 hours.

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