Montana directs COVID funds for rent, mortgage aid

Wednesday, July 29, 2020

The Montana Department of Commerce announced Tuesday that Montana Housing and NeighborWorks Montana will partner to increase awareness of the availability of rent and mortgage payment assistance as federal unemployment insurance benefits expire.

NeigborWorks Montana will assist the program by providing technical support to renters and homeowners who apply for the Emergency Housing Assistance Program. The partnership will also create a coordinated and organized statewide system to improve the delivery of the program while increasing awareness of available assistance.

The Emergency Housing Assistance Program provides rent, security deposit and mortgage payment assistance for Montanans who have lost a job or substantial income as a result of COVID-19. Applicants are eligible for up to $2,000 per month. The program pays the difference between 30 percent of the household’s current gross monthly income and their eligible housing assistance costs. Income limits range from $75,000-$125,000 annually based on family size. The program was created in May by Gov. Steve Bullock using $50 million of Montana’s allocation of federal CARES Act dollars.

As federal benefits expire, the state expects to see an uptick in the number of renters and homeowners in need of monthly assistance.

Montana has been a national leader in using CARES funding for emergency housing relief. To date, $1.06 million has been paid to landlords or mortgage servicers on behalf of renters or homeowners who apply.

For more information and to apply visit COVIDRELIEF.MT.GOV.

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