Great Falls Tribune: NeighborWorks Montana given $1.5 million grant for low-income renters, owners

Great Falls-based NeighborWorks Montana was awarded a $1.5 million grant this week from the Community Development Financial Institutions Fund of the U.S. Treasury, according to a news release.

NeighborWorks was informed of the decision by Montana Democratic Sen. Jon Tester’s office in advance of the federal announcement.

“NeighborWorks Montana has a strong track record of making sure families have access to affordable, safe homes,” Tester said. “This new grant will allow NeighborWorks to provide Montana families even more opportunities to rent safe housing, and to own their own homes. Smart investments like this will pay off for Montanans around the state, building stronger, healthier communities.”

Two other Montana groups received grants from the Community Development Financial Institutions Fund: the Montana Community Development Corporation in Missoula, which also received $1.5 million, and Jobs Now, Inc. of Kalispell, which received technical assistance of $79,995.

The organization will use the money to help low-income families achieve homeownership by providing loans for down payments, and to help NeighborWorks’ housing development partners across the state create multi-family rental housing for low-income families, senior citizens and people with disabilities.

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