Housing trust fund

The Department of Housing and Urban Development awarded the Montana Department of Commerce $3,134,373.20 on November 26, 2025, under the Housing Trust Fund formula grant program (CFDA 14.275). The award funds the production, preservation, and rehabilitation of rental housing for extremely low-income and very low-income households in Montana. The Montana Department of Commerce, a division of the State of Montana Department of Commerce located in Helena, serves as the recipient and administers the funding statewide. Performance occurs in Helena, Montana. The award runs through November 26, 2032. Under Housing Trust Fund rules, the recipient must commit all funds to projects within 24 months and expend them within five years of drawdown, with all drawn funds required to be spent within 15 days. The recipient must submit an HTF allocation plan no later than August 16, 2026, as part of its annual action plan, and maintain records documenting program compliance for the most recent five-year period, plus five years beyond the required affordability period.