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MontanaHB 50569th Legislature, Regular Session (2025)HouseWALLET

Allow Montana housing infrastructure revolving loan fund to retain its interest and income and provide for fund transfers

Sponsored By: Mike Vinton (Republican)

Became Law

State FinanceHousingMoney TransferAppropriations

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Bill Overview

Analyzed Economic Effects

5 provisions identified: 2 benefits, 0 costs, 3 mixed.

Impact fees shift on funded projects

If a local government seeks a loan or issues a bond under this program, it must waive the developer’s impact fees, up to the loan or bond amount or all fees. If the developer is the loan applicant, the developer must pay local impact fees, up to the loan amount or all fees. This changes who pays large upfront fees on covered projects.

Affordability rules and mobile home park loans

Housing that uses infrastructure financed by this program must include long‑term affordability rules that stay with the property for the life of the bond or other security. The Board may also use fund interest income to help finance ownership of mobile home parks and other multifamily housing. These steps aim to keep more homes affordable and preserve housing options.

Protect and boost housing loan fund

All interest and income earned in the housing infrastructure loan fund stays in the fund. This rule applies to earnings going back to June 14, 2023. Lawmakers can spend the fund’s principal only with a two‑thirds vote of each house. By June 30, 2025, the state adds $50 million from the general fund to this account.

Density rules and rural loan priority

Projects must plan at least 10 housing units per acre to use most fund loans or bonds. Money transferred from the state’s general fund into this account can fund projects with a lower bar of 3 units per acre. At least $7 million in lending is prioritized to counties under 15,000 people that are within 30 miles of a state‑owned facility averaging 100 or more inmates or behavioral health patients, and that facility is in a county with 15,000 or fewer people.

New financing tools for housing projects

The Board of Investments can lend to local governments or developers for demolition and for water, sewer, storm water, streets, curbs, gutters, and sidewalks that serve new or rehab housing. The Board can also buy up to 50% of eligible local bonds and may use the fund itself to secure those bonds. The Board sets interest rates and terms, but loans cannot run longer than 20 years.

Sponsors & Cosponsors

Sponsor

  • Mike Vinton

    Republican • House

Cosponsors

  • Josh Kassmier

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 493 • No: 50

House vote • 4/30/2025

Do Concur

Yes: 96 • No: 4

House vote • 4/29/2025

Do Concur

Yes: 89 • No: 8

House vote • 4/25/2025

Do Concur

Yes: 44 • No: 5

House vote • 4/23/2025

AMD-HB0505.001.004 Zolnikov D/PASS

Yes: 45 • No: 5

House vote • 4/23/2025

Do Concur As Amended

Yes: 42 • No: 8

House vote • 4/5/2025

Do Pass

Yes: 90 • No: 8

House vote • 4/4/2025

Do Pass

Yes: 87 • No: 12

Actions Timeline

  1. Chapter Number Assigned

    5/19/2025House

  2. Signed by Governor

    5/13/2025House

  3. Transmitted to Governor

    5/7/2025House

  4. Signed by President

    5/6/2025Senate

  5. Signed by Speaker

    5/5/2025House

  6. Returned from Enrolling

    5/1/2025House

  7. Sent to Enrolling

    4/30/2025House

  8. 3rd Reading Passed as Amended by Senate

    4/30/2025House

  9. 2nd Reading Senate Amendments Concurred

    4/29/2025House

  10. Returned to House with Amendments

    4/25/2025Senate

  11. 3rd Reading Concurred

    4/25/2025Senate

  12. 2nd Reading Concurred as Amended

    4/23/2025Senate

  13. 2nd Reading Motion to Amend Carried

    4/23/2025Senate

  14. Committee Report--Bill Concurred as Amended

    4/22/2025Senate

  15. Committee Executive Action--Bill Concurred as Amended

    4/16/2025Senate

  16. Hearing

    4/14/2025Senate

  17. Referred to Committee

    4/7/2025Senate

  18. First Reading

    4/7/2025Senate

  19. Transmitted to Senate

    4/5/2025House

  20. 3rd Reading Passed

    4/5/2025House

  21. 2nd Reading Passed

    4/4/2025House

  22. Committee Report--Bill Passed

    4/3/2025House

  23. Committee Executive Action--Bill Passed

    4/3/2025House

  24. Hearing

    2/24/2025House

  25. Fiscal Note Printed

    2/22/2025House

Bill Text

  • Enrolled

    4/30/2025

    PDF

  • As Amended (Version 3)

    4/23/2025

    PDF

  • As Amended (Version 2)

    4/22/2025

    PDF

  • Introduced

    2/13/2025

    PDF

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