MontanaSB 22369th Legislature, Regular Session (2025)SenateWALLET

Allow interest earned on workforce housing appropriations to be retained

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Bill Overview

Analyzed Economic Effects

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

More housing help for rural state workers

The state provides $12 million for the biennium starting July 1, 2023. The Montana Board of Investments funds housing for employees at state facilities that house inmates or behavioral health patients. Money can buy down building costs or match a revolving loan fund. It can loan up to 50% for eligible infrastructure and discount employee housing costs. It can buy or build homes meant to become private within 10 years, unless that is a security risk. Help goes to workers who live and work in counties under 15,000 people within 30 miles of a qualifying facility. The facility must average at least 100 inmates or patients and be in a county with 15,000 or fewer people. Funds are split by the facility’s average population in the fiscal year that began July 1, 2021, and the number of workers in each eligible county.

Interest stays in worker housing fund

Interest and income earned on the workforce housing appropriation stays in the fund. This applies to earnings on or after June 14, 2023. Keeping earnings grows the dollars available for worker housing projects.

Sponsors & Cosponsors

Sponsor

John Esp
Republican • Senate

Cosponsors

John Fitzpatrick
Republican • House
Josh Kassmier
Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 290 • No: 4

Senate vote • 4/11/2025

Do Concur

Yes: 95 • No: 4

Senate vote • 4/10/2025

Do Concur

Yes: 97 • No: 0

Senate vote • 2/10/2025

Do Pass

Yes: 49 • No: 0

Senate vote • 2/7/2025