Montana Housing Infrastructure Bond Guarantee Program
Program Description
The Montana Housing Infrastructure Bond Guarantee Program provides bond guarantees for a fee in the form of a loan to the bond issuer equal to the bond’s reserve fund deficiency, not to exceed 10% of the Montana Housing Infrastructure Revolving Loan Fund Account per bond, in lieu of a pledge of the issuer’s revolving loan fund. The guarantee is for eligible governmental unit bonds used to finance projects with the minimum gross density and affordability provisions determined in Policies 70.751 and 70.752.
Program Guidelines
Policy 70.750 Policy 70.751 Policy 70.752
Application Process
- The following two types of applications are required.
- The Government Application gathers the information related to the bond issuance for the housing infrastructure project.
- An eligible governmental unit representative completes and submits the form.
- BOI completes a full underwriting credit review.
Application Form
- The Private Entity Application gathers the information related to the property benefited by the housing infrastructure project.
- An authorized representative of the property owner completes and submits the form.
- BOI completes a full underwriting credit review.