Bill > HB422

This bill amends Montana's existing law on land covenants to allow property restrictions that specifically aim to promote workforce housing affordability. The legislation modifies Section 70-17-203 of Montana Code Annotated to explicitly permit covenants that can restrict the sale, lease, or equity appreciation of residential property to individuals with specific income levels or occupations. These new covenant provisions are designed to help create and maintain long-term affordable housing opportunities for workforce populations. By adding this language to the existing law, the bill expands the types of legal restrictions that can be placed on property with the goal of ensuring housing remains accessible to workers who might otherwise struggle to find affordable homes in their community. The modification allows property owners and developers to create targeted housing solutions that can help address local workforce housing challenges by implementing income or occupation-based limitations on property transactions.

Justice

https://bills.legmt.gov/#/laws/bill/2/LC3244