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Southeast Montana News

Wednesday, May 1, 2024

Department of Commerce awards over $2.5 million to restore affordable homes

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The Montana Department of Commerce has awarded money to restore homes in Montana. | Pixabay

The Montana Department of Commerce has awarded money to restore homes in Montana. | Pixabay

The Montana Department of Commerce has awarded over $2.5 million in federal funding to five Montana communities.

The funding is an effort to support the restoration and construction of affordable homes in the state.

“We continue to work alongside our statewide housing partners to support the development and preservation of safe and affordable homes for Montana families and individuals,” Commerce Director Tara Rice said in a press release. “These homes will help provide a sense of stability and permanency for many Montanans, allowing them to live and thrive within their communities.”

The federal funding for home restoration comes from the HOME Investment Partnerships Program. The program will support the construction and rehabilitation of over 110 affordable homes that are in need of repair.

Additionally, Crowley Flats, Jackson Court, Laurel Depot and Meadowlark Vista are also being given over $17 million of housing credits from Commerce’s Montana Board of Housing.

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