When used in these rules, unless the context clearly requires a different meaning:
- (1) "Application" means the board loan application made available by the board, details of which may be obtained by contacting the board by mail at P.O. Box 200528, Helena, Montana 59620-0528, by telephone at (406) 841-2840, or at the board's website, www.commerce.mt.gov/housing.
- (2) "Board" means the Board of Housing created by 2-15-1814, MCA.
- (3) “GO Housing” means the Montana Housing Trust in the GO Trust established by 90-6-150, MCA.
- (4) “GO Trust” means the Montana Growth and Opportunity Trust established as a permanent fund by 17-1-401, MCA, and funded by annual transfer of volatile revenue as provided for in 17-1-405, MCA.
- (5) “HMF loan” means a loan made from the Housing Montana Fund loan account authorized by Title 90, chapter 6, part 1, MCA, and described in ARM 8.111.503 through 8.111.507.
- (6) "Median income" means median income as determined by the U.S. Department of Housing and Urban Development, with adjustments for smaller or larger families.
- (7) “MHT-HMF loan” means a loan made from GO Housing, authorized by 90-6-150, MCA, and described in ARM 8.111.503 through 8.111.507.
- (8) "Rural area" means any area within the state that is not within the city limits of Billings, Bozeman, Butte, Great Falls, Helena, Kalispell, Missoula, or any municipality that as of the date of application has a population greater than any of the seven listed herein.
- (9) "Small municipality" means any municipality within the state that is not within the city limits of Billings, Bozeman, Butte, Great Falls, Helena, Kalispell, Missoula, or any municipality that as of the date of application has a population greater than any of the seven listed herein.
Authorizing statute(s): 90-6-136, MCA
Implementing statute(s): 90-6-133, 90-6-134, MCA
History: NEW, 2002 MAR p. 75, Eff. 1/18/02; AMD, 2004 MAR p. 1142, Eff. 5/7/04; AMD, 2008 MAR p. 40, Eff. 1/18/08; AMD, 2023 MAR p. 1405, Eff. 10/21/23; AMD, 2025 MAR, Notice No. 2025-345, Eff. 11/8/25.