The definitions contained in ARM 8.111.502 are incorporated and apply to the rules in this subchapter. When used in this subchapter, the following terms have the following meanings:
- (1) "Low-income" means households whose incomes do not exceed 80% of the median income in the area as determined by the U.S. Department of Housing and Urban Development with adjustments for smaller and larger families.
- (2) “MHT-MFHP” means the Montana Housing Trust – Multifamily Homes program authorized by 90-6-150, MCA, and Title 90, chapter 6, part 1, MCA.
- (3) "Moderate-income" means households whose incomes are between 81% and 95% of the median income for the area as determined by the U.S. Department of Housing and Urban Development with adjustments for smaller and larger families.
- (4) "Multifamily rental housing project" means a project that is two or more rental units.
- (5) "Total development cost" means all costs shown in the application on the Uses of Funds.
Authorizing statute(s): 90-6-136, MCA
Implementing statute(s): 17-6-308, 90-6-137, MCA
History: NEW, 2019 MAR p. 1631, Eff. 9/21/19; AMD, 2023 MAR p. 1405, Eff. 10/21/23; AMD, 2025 MAR, Notice No. 2025-345, Eff. 11/8/25.