$16M+ for MT housing resources secured
Hey savvy news reader! Thanks for choosing local.
You are now reading
1 of 3 free articles.
News from the office of Senator Tester
U.S. SENATE — As part of his continued work to improve access to housing in Montana, U.S. Senator Jon Tester recently secured $16,276,708 for housing programs across the state to increase the supply of affordable housing for Montanans.
As a senior member of the Senate Appropriations Committee, Tester secured these funds through the 2024 government funding bill.
“Everywhere I go, from Bozeman to Billings to Big Sandy, I hear from folks about rising costs and a shortage of affordable, accessible housing options – it’s a real problem in our state, and one that needs an urgent fix,” said Tester. “This funding is a huge win and will go towards vital programs across the state that will address housing shortages and increase the availability of workforce housing. I’m proud to have secured this funding, and I’ll continue to do all I can to ensure the folks who call our state home can continue to do so.”
The funding will be awarded as follows:
— $8,461,632 for Community Development Block Grants (CDBG). CDBG is used by Montana’s local governments to expand economic opportunities and fund affordable housing developments.
— $3,925,825 for the HOME Investment Partnerships Program (HOME). HOME is a flexible grant initiative for local government to increase the availability of affordable and workforce housing.
— $744,418 for Emergency Solutions Grants (ESG), which provide funds to address homelessness and provide homeless prevention programs.
— $3,144,833 for the Housing Trust Fund (HTF), which increases and preserves affordable housing options.
