Low Income Section 8 Rental Program In Montana

Section 8 Programs The HUD Section 8 Low Income Rental Assistance Housing Programs provide rental assistance to very low income families throughout Montana. Tenant Based Section 8 Housing Assistance Programs •Housing Choice Vouchers •Moderate Rehabilitation Financed by the U.S. Department of Housing and Urban Development and administered by the Montana Housing Division. Allow very low income families to pay a set amount towards rent and utilities, based on their gross adjusted income (currently 30%). Very low income families have incomes of 50 percent or less of the HUD median family income . . . . . . click here to learn more:http://housing.mt.gov/about/section8/default.mcpx

MONTANA RENTAL SUBSIDIESED PROGRAMS TO BE CUT

The Montana Board of Housing offers financing to produce rental housing that is affordable for low-income Montanans. The Multifamily Program monitors these properties to ensure that they comply with federal and state requirements and that they fulfill the obligations they committed to for the financial assistance they receive. The Reverse Annuity Mortgage Program is one of the few RAMs that has been implemented by a State Housing Finance Agency and Montana is proud of the support we have been able to extend to many low-income seniors who wish to stay in their home as long as possible. The Risk Sharing Program is a collaboration between the Montana Board of Housing and the Department of Housing and Urban Development (HUD) which provides FHA insured permanent financing for units of multifamily rental property in Montana.

The General Obligation (G.O.) Program is a source of permanent mortgage financing for affordable rental housing which meets certain low income occupancy and rent limitation requirements. The Board provides mortgage underwriting and loan management as well as financing.

HUD BE QUIET ---- Whats Sec. Shaun Donovan Up To?

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