Admin. R. Mont. 8.111.807 – Criteria for Approval of Mht-mfhp Loan | Midpage

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Administrative Rules of Montana

Subchapter 8.111.8

Rule 8.111.807

Admin. R. Mont. 8.111.807

Criteria for Approval of Mht-mfhp Loan

Effective Nov 8, 2025Authorizing statute(s): 90-6-137, MCA; Implementing statute(s): 90-6-137, MCAState of Montana

Versions (2)

As of

Nov 8, 2025Current
Sep 21, 2019

(1) The board will review the following criteria when considering an application for a MHT-MFHP loan:
1. (a) the applicant's experience in managing or developing housing for low-income and/or moderate-income households;
2. (b) the percentage of the units in the project that will be available for low-income or moderate-income households;
3. (c) the need for low-income and moderate-income housing in the community where the project is to be located;
4. (d) project location;
5. (e) the loan size and whether it maximizes the geographical distribution of the loan program; and
6. (f) the use of other funds to leverage the use of MHT-MFHP funds.

Authorizing statute(s): 90-6-137, MCA

Implementing statute(s): 90-6-137, MCA

History: NEW, 2019 MAR p. 1631, Eff. 9/21/19; AMD, 2025 MAR, Notice No. 2025-345, Eff. 11/8/25.