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U.S. Department of Housing and Urban Development reduces Montana’s Housing Choice Voucher allocation to bail out less responsible states’ programs, forcing Commerce to close waitlist
The Montana Department of Commerce announced today that it will close Montana’s waitlist for the U.S. Department of Housing and Urban Development Housing Choice Voucher Rental Assistance Program on August 15, 2024. HCV is also known as “Section 8.”
Commerce was notified in June 2024 that HUD’s allocation for Montana’s HCV Housing Assistance Payments would be reduced due to shortfalls in other states’ programs. Commerce, having responsibly managed Montana’s HCV program, must now spend down its HUD-held reserves and close its waitlist to ensure the program remains solvent and able to serve curre...