Bill > SB504

This bill establishes a Permanent Supportive Housing Development Grant Program to help address homelessness in Montana. The legislation creates a new state special revenue account with $75 million in funding, sourced from $50 million from the general fund and $25 million from the behavioral health system fund. The Department of Commerce will administer grants of up to $75 million to nonprofit corporations for acquiring, constructing, or rehabilitating housing facilities that provide long-term housing and support services for individuals earning 60% or less of the area median income who are currently homeless or at risk of becoming homeless. The supportive housing projects must offer voluntary services like mental health therapy, addiction recovery support, independent living assistance, employment aid, and medical services. Nonprofit organizations can apply for grants, which will be awarded based on meeting specific conditions, including executing a grant agreement with a project management plan and adhering to design standards. The department can use up to 3% of the account funds for administrative costs, and grant amounts will be reduced if actual project expenses are lower than projected. The program is set to become effective on July 1, 2025, with the goal of creating stable housing and comprehensive support systems for vulnerable populations.

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https://bills.legmt.gov/#/laws/bill/2/LC3226