Inside 1991 Vol 6 No 1

Cover Inside 1991 Vol 6 No 1
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Low Income 1 lousing 'liix Credits are offered through the Montana Board of Housing as a result of the 1986 Tix Reform Act and have assisted in providing 495 low income rental units in Montana. The program offers a dollar-to-dollar reduction in tax liability to owners and investors in qualified housing.
Developers and owners of qualifying housing receive a tax credit every year for 10 years, based on the number of housing units rented to qualified low income persons.
"In many of our larger citi
...es and towns, the waiting lists for low income rental units far exceed the available supply; therefore, any new or rehabed buildings help in alleviating some of the needs," stated Dick Kain, administrator of the Montana Board of Housing.
For fiirther information or an ap- plication, contact Dick Kain, \km- tana Board of 1 lousing, 2001 Eleventh Avenue, Helena, MT 59601, 406-444-3040.
CENSUS '90 Legislative Update Governor Stephens recently signed the following bills of interest to the Department of Commerce: • HB 703 allows the Montana Science and Tfechnology Alliance to utilize up to 25 percent of its funds for seed capital projects not necessarily targeted to high-technology.


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