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FOR IMMEDIATE RELEASE: Oct. 21, 2026
CONTACT: Mitch Staley, Montana Department of Commerce
HELENA, Mont. – The Montana Department of Commerce announced today that more than $40 million in federal housing tax credits have been allocated by the Montana Board of Housing to five developers to build 136 new affordable homes in five Montana communities.
“For our communities to continue to grow and thrive, it is vital that Montanans have a safe and affordable place to call home. These projects that were selected by the Board will have a meaningful impact for Montana families and seniors looking for affordable homes in their communities,” said Commerce Director Marta Bertoglio. “The projects that were selected by the Board will provide more affordable housing options for families and seniors in Billings, Butte, Columbia Falls, Havre and Missoula and will create an estimated 343 jobs and more than $22 million in local wages.”
The MBOH allocated competitive federal housing tax credits to:
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Franklin Crossing in Missoula will receive $8,500,000 to build 30 new affordable homes for families and individuals.
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Glacier View Senior in Columbia Falls will receive $8,500,000 to build 29 new affordable homes for seniors.
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Granite Peak Apartments in Butte will receive $6,326,720 to build 24 new affordable homes for seniors.
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Majestic Landing in Billings will receive $8,500,000 to build 24 new affordable homes for families and individuals, with a preference for veterans and their families.
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Mountain Goat Court in Havre will receive $8,500,000 to build 29 new affordable homes for seniors.
"Selecting projects to receive Housing Credit awards is the most difficult decision board members are tasked with each year, and this year was no exception," said MBOH Board Chair Bruce Posey. "The Board is pleased to award three projects dedicated to providing safe, affordable and accessible homes for Montana seniors in Butte, Columbia Falls and Havre. In addition, Franklin Crossing will deliver affordable homes for families in Missoula and Majestic Landing in Billings will preference veterans in need of supportive services."
Franklin Crossing and Granite Peak Apartments are also applying to the MBOH for tax-exempt conduit bonds which additionally leverage the federal 4% housing tax credit. With these sources, an additional 181 homes at Franklin Crossing and 24 homes at Granite Peak Apartments will be constructed.
The MBOH is administratively attached to Commerce. Federal housing tax credits flow through the state agency and fund the construction or rehabilitation of affordable rental homes each year.
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