The city of Helena is set to accept applications for its Affordable Housing Trust Fund dollars Oct. 1.
According to a news release, “The City is pleased to open another funding cycle for these funds and partner with developers to create affordable, sustainable housing options for members of our community.”
The City-County Building in downtown Helena.
THOM BRIDGE, Independent Record
The city will accept housing development proposals through 5 p.m. on Dec. 1.
The Helena City Commission established the fund in 2020 to provide gap financing to organizations, both nonprofit and for-profit, that serve people of low to moderate income.
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“Helena’s Affordable Housing Trust Fund plays an important role in helping address the affordable housing needs of the community,” the news release states.
Organizations that apply for funding will be required to provide a 5:1 match should the proposed project be approved. Funds will be dispersed as