HB 878 proposes to increase the funding available for housing loans for low-income and moderate-income individuals in Montana. It authorizes the Board of Housing to administer an additional $50 million, raising its total from $65 million to $115 million, from the permanent coal tax trust fund. These funds are specifically designated for providing loans to develop and preserve homes and apartments for eligible persons. The bill also outlines project requirements, such as loans being for multifamily rental housing projects and adhering to specific interest rate guidelines.
HB 489, titled the "Local Option Property Tax Relief Act," would have allowed consolidated city-counties or counties to implement a local sales tax. This tax, requiring voter approval and capped at 4%, would apply to specific goods and services, excluding items like medical supplies and SNAP-eligible food products. The revenue generated from this local option tax would be specifically used to provide property tax relief for primary residences and long-term rental properties. A portion of the revenue would also be distributed to local governments that do not levy the tax.
HB 802 aimed to revise Montana's zoning laws concerning the rental of primary residences. The bill stipulated that county and municipal zoning regulations could not prohibit the short-term rental of a property owner's primary residence, an accessory dwelling unit on the same parcel, or a residence on a neighboring lot. A "primary residence" was defined as a dwelling occupied by the owner for at least 183 days annually. This measure would have established these specific short-term rentals as permissible uses, limiting local government authority to ban them.
HB 378 proposes to remove state-level prohibitions that currently restrict local governments from requiring certain contributions for housing development. The bill would repeal existing laws preventing cities, towns, and counties from mandating fees or land dedications from developers for the purpose of providing housing for specified income levels or sale prices. If enacted, this would allow local governments to include such requirements in their zoning regulations and conditions for approving new additions or developments. This change would directly affect local government planning capabilities and property owners or developers undertaking new projects.
HB 306 would have created an income tax credit for property owners, including individuals and corporations, who rent out dwellings in Montana for less than 110% of the fair market rent for their county. The credit amount would be $200 for each $100 difference between 110% of fair market rent and the actual monthly rent charged. To qualify, a dwelling would need a lease of at least one year and meet specific housing quality standards. This credit could be carried forward for up to three years if not fully utilized.
HB 873 aimed to establish a Mobile Home Park Emergency Relocation Account. This account would provide financial assistance to mobile home owners who are required to move due to a change in use or redevelopment of their mobile home park. Eligible tenants could receive funds for relocation expenses, up to $10,000 for a single-section or $15,000 for a multi-section home, or an abandonment payment. The account would be funded by an annual assessment on mobile homes whose owners do not own the underlying land, along with other revenue, with the assessment waived if the account exceeds $1 million.
HB 931 clarifies that developing single-family or multifamily residential housing can be considered a commercial purpose for leasing state trust land. The bill specifically allows nonprofit corporations to lease state trust land to develop "attainable workforce housing." It revises the definition of "commercial purpose" within state law to include such residential developments under a master lease. This change aims to enable the creation of housing for workers on state-owned land.
HB 920 establishes a temporary property tax exemption for new senior care facilities and housing development projects. Tax-exempt non-profit organizations sponsoring these projects must first petition a local government, which determines if there is a "compelling need" for the project through a public hearing. If approved by the local government, the sponsor can then apply to the department of revenue for the exemption. This bill aims to encourage the development of various affordable housing and care options for seniors aged 55 or 62 and older.
HB 492 revises municipal zoning laws by setting new limits on the minimum parking space requirements local governments can impose on new developments. The bill generally caps required parking for residential units at one space per unit and for commercial spaces at one space per 5,000 square feet, with specific exemptions for certain types of projects like affordable housing or smaller commercial spaces. If a city or town chooses to require more parking than these new limits, it must compensate the developer or property owner for the real cost of constructing the additional spaces. This legislation directly affects municipal zoning authorities and developers within those areas.
HB 505 modifies the Montana Housing Infrastructure Revolving Loan Fund Account. The bill allows this fund to retain all interest and income it earns, rather than those funds being transferred elsewhere. It also directs the state treasurer to transfer $50 million from the general fund into this account by June 2025 and another $50 million by June 2026. These provisions aim to increase the resources available within the revolving loan fund, which supports housing infrastructure projects. The principal of the fund can only be appropriated by a two-thirds vote of each legislative house.
