NeighborWorks Montana will receive $665,000 in federal funding to build 30 affordable homes for individuals in Laurel.
The Montana Department of Commerce made an award of $2.5 million to five Montana communities from the HOME Partnerships Program to construct and rehabilitate more than 110 affordable homes, a release on the Montana.gov website said.
“We continue to work alongside our statewide housing partners to support the development and preservation of safe and affordable homes for Montana families and individuals,” Commerce Director Tara Rice said. “These homes will help provide a sense of stability and permanency for many Montanans, allowing them to live and thrive within their communities.”
The federal funding for the homes comes from the HOME Investment Partnerships Program and will support the construction and rehabilitation of more than 110 affordable homes. The Montana Department of Commerce administers the HOME Program.
In October, Laurel Depot was chosen to receive $3,530,760 in housing credits from Commerce’s Montana Board of Housing for the new development by GL Development contingent upon submitting a revised application.
