Low Income Housing Tax Credits & Rural Housing in Montana, 2018

In the 2018 Qualified Allocation Plan (QAP), Montana provides a set aside for small rural projects. 

Twenty percent (20%) of the state’s Available Annual Credit Allocation is set-aside for Small Rural Projects. For purposes of this set-aside, a Small Rural Project is a Project: (1) for which the submitted tax credit Application requests tax credits in an amount up to but no more than 12.5% of the state’s Available Annual Credit Allocation, (2proposed to be developed and constructed in a location that is not within the city limits of Billings, Bozeman, Butte, Great Falls, Helena, Kalispell, or Missoula.

Projects qualifying under the small rural project set aside or Rural Development funding quality for MBOH’s 130% Basis Boost.

Contributed By: 
National Housing Trust

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