Admin. R. Mont. 8.111.507 – Criteria for Approval of Hmf or Mht-hmf Loan | Midpage

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Administrative Rules of Montana

Subchapter 8.111.5

Rule 8.111.507

Admin. R. Mont. 8.111.507

Criteria for Approval of Hmf or Mht-hmf Loan

Effective Nov 8, 2025Authorizing statute(s): 90-6-136, MCA; Implementing statute(s): 90-6-134, MCAState of Montana

Versions (3)

As of

Nov 8, 2025Current
Jan 18, 2008
Jan 18, 2002

(1) The board will review the following criteria when considering an application for a HMF or MHT-HMF loan:
1. (a) the applicant's experience in managing or developing housing for low and/or moderate income households;
2. (b) the percentage of the units in the project that will be available for low and/or moderate income households;
3. (c) the need for low and moderate income housing in the community where the project is located;
4. (d) the priority of the board's proposed lien for the HMF or MHT-HMF loan in relation to the amount of the HMF or MHT-HMF loan; and
5. (e) the priority of the liens and the amount of the loans of the other lenders on the project.

Authorizing statute(s): 90-6-136, MCA

Implementing statute(s): 90-6-134, MCA

History: NEW, 2002 MAR p. 75, Eff. 1/18/02; AMD, 2008 MAR p. 40, Eff. 1/18/08; AMD, 2025 MAR, Notice No. 2025-345, Eff. 11/8/25.