Executive Director, Montana Board of Housing at Montana Department of Commerce
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Team
Decision makers at Montana Department of Commerce
Accounting Manager
ARPA Housing Program Executive
Budget Manager
Bureau Chief, Research and Information Services
CDBG Coordinator
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Board meetings, strategic plans, and buyer signals from Cheryl Cohen’s organization
The board reviewed financial updates, including investment balances, recent bond issuance results, and preparations for upcoming fiscal year audits. A resolution was passed to provide mortgage credit certificates to eligible homebuyers. Additionally, the board discussed and advanced a proposal to modify the Habitat for Humanity legacy program, allowing for the use of any viable nonprofit for down payment assistance.
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The Commission meeting covered several operational and development updates. Presentations included general updates on economic development planning grants, automation loan programs, and upcoming agency legislation. The commissioners provided progress reports on multiple ongoing construction and infrastructure projects, including an administrative building, lagoon projects, water system enhancements, and parks. Additionally, discussions touched on procurement policy revisions, tribal business certification, energy production initiatives, and the performance of corporate revenue streams and technology companies.
The board received updates on the Finance Program, including discussions regarding tax-exempt bond fund lending. Key actions in the Home Ownership Program included the approval of a new participating lender, the selection of an option for the FY2027 Habitat for Humanity Set-Aside Request, and the authorization of a temporary down payment assistance program. In the Multifamily Program, the board approved a $29.7 million bond resolution and a cost waiver for the LB Lofts project, as well as a bond resolution for the KP3 project. Additionally, the board received updates from the Mortgage Servicing and Operations departments.
The board meeting agenda includes the introduction of staff, an opportunity for public comment, and updates regarding the Black Butte Copper Mine and the Silver Bow Mine. Additionally, the board discussed the Hard Rock Mining Impact Trust Account annual payments. The meeting includes a tour prior to the formal session.
Extracted from official board minutes, strategic plans, and video transcripts.
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