The Board of Housing made award determinations for the 2025 9% Tax Credits during their Oct. 22 meeting. Congratulations to awardees and thank you to all who dedicated time and effort to the application process.
Tax Credit Application Process
Each year, the Montana Board of Housing allocates housing tax credits to support the construction or preservation of affordable homes in Montana. The process for applying for these tax credits involves specific steps, outlined below.
Submit a Letter of Intent
Those interested in applying for housing tax credits must first submit a Letter of Intent. This letter should comply with all guidelines outlined in the Qualified Allocation Plan, including all required information and the application fee. The Letter of Intent must be submitted by the specified deadline for each year's allocation.
Board Review and invitation to apply
The Montana Board of Housing reviews the Letters of Intent during a scheduled meeting each summer. At this meeting, eligible applicants are provided the opportunity to present their proposed development projects to the Board. Interested community members are also invited to attend in person or via webinar to provide public testimony.
Full application submission
At the conclusion of the review of Letters of Intent, the Board may invite up to eight applicants to formally submit a full housing tax credit application. This application must be completed by the designated submission deadline.
Award Determination
Final decisions on tax credit allocations are made by the Board in the fall meeting. Applicants will be informed of the Board's decision shortly after.
For additional information, including a list of eligible properties and details about the Qualified Allocation Plan, visit the Housing Preservation Page or contact the Montana Board of Housing at 406-841-2840.
Recent Housing Tax Credit Allocations, Invitations and letters of Intent
