The First Time Home Buyer program provides loan financing to assist with down payment and closing costs to low income households to purchase their first home within city limits. Applicants must not have owned a home in the past three years to qualify.
Home Repair Programs
The City provides loan financing options to eligible homeowners to make substantial improvements to their homes to ensure safe, sanitary and energy-efficient housing.
Foreclosure Acquisition, Rehabilitation & Sale Program
The City has purchased several vacant, foreclosed homes to rehabilitate and sale through the First Time Home Buyer program. This program is an extension of the Neighborhood Stabilization Program funded through the Montana Department of Commerce in 2009.
Affordable Housing Development
A minimum of 15% of the HOME annual allocation is required by HUD to be reserved for Community Housing Development Organizations (CHDOs). These funds are made available by the City of Billings through an application and approval process involving both the Community Development Board and the City Council.
Billings Metro VISTA Project
The Billings Metro VISTA Project places AmeriCorps VISTA members with nonprofit and community organizations to work on projects that reduce of risk of homelessness and create the tools people in poverty need to build sustainable futures. Priority focus areas include education, financial literacy, housing, employment, food security, access to healthcare, opioid / addiction prevention, and services benefiting Veterans and military families.