HomeMy WebLinkAbout05-01-23 Correspondence - MT Housing - HTF and CDBG-Housing Application Deadline ApproachingFrom:Montana HousingTo:AgendaSubject:HTF and CDBG-Housing Application Deadline ApproachingDate:Monday, May 1, 2023 11:20:36 AM
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Application Deadline: June 7
Montana Housing Banner
deadline
National Housing Trust Fund and CDBG-Housing Programs Application Deadline isJune 7
The Montana Department of Commerce will accept applications for national
Housing Trust Fund (HTF) and Community Development Block Grant
(CDBG) funds to support development and preservation of affordable
housing. Applications need to be submitted through the grants and loans
portal.
Commerce has approximately $2 million in HTF to invest and $1 million in
CDBG-Housing funds available, with the flexibility to potentially allocate up
to an additional $1.5 million in CDBG funds for housing programs,
depending on the demand for these funds.
The next application deadline is September 15, 2023 to award 2023
HUD Community Planning and Development funds, including the HOME,
HTF and CDBG-Housing programs. There will be approximately $3 million
in HOME funds, $2.5 million in HTF and $1.0-$1.5 million in CDBG-Housing
funds. For more details about these programs, visit our web site.
HOME Program Subsidy Limits
On April 19, 2023, the U.S. Department of Housing and Urban Development
(HUD) published the maximum per unit subsidy limits for the HOME
Program, effective April 7, 2023. The Montana Department of Commerce
uses the same limits for the national Housing Trust Fund.
0BR $173,011
1BR $198,331
2BR $241,176
3BR $312,005
4BR $342,482
HOME-ARP
HUD approved Commerce’s HOME-ARP Allocation Plan on April 17, 2023.
Commerce will hold an application workshop for these funds later this
summer in preparation for a fall 2023 application deadline. Additional
information regarding Commerce’s one-time allocation of HOME-ARP funds
may be found here.
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MONTANA DEPARTMENT OF COMMERCE
MONTANA HOUSING
301 S. PARK AVE. | PO BOX 200501 | HELENA, MT 59620-0501
P: 406.841.2840 | F: 406.841.2841 | TDD: 406.841.2702 | TOLL FREE: 800.761.6264
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