Stockman Bank Gives Nearly 1 Million Dollars To Montana Affordable Housing

Going into a holiday weekend, Stockman Bank sent out a press release informing us that Montana's affordable housing effort is getting a boost.

Here in Missoula affordable housing is a hot topic with rising rent prices and diminishing rental properties (or so it seems). Housing project discussions seem to be ubiquitous today in Missoula.

Almost a million dollars (920 thousand to be exact) will be shelled out to 11 different organizations across the state. The grant is awarded courtesy of the partnership between Stockmanbank and Federal Home Loan Bank of Des Moines.

"The grants were made possible through FHLB De Moines' Member Impact Fund," said the press release.

Stockman Bank donated upfront and the Impact Fund matched it.

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The 11 groups rewarded were:

• Blackfeet Housing Authority
• Chippewa Cree Housing Authority
• Community Action Partnership of Northwest Montana
• Gallatin County Housing Authority 
• Great Falls Development Authority, Inc. 
• Habitat for Humanity Mid-Yellowstone Valley
• Homeword
• Little Shell Tribe of Chippewa Indians of Montana
• NeighborWorks Montana
• Richland County Housing Authority
• Snow Mountain Development Corporation

Each group was awarded somewhere between 80 thousand dollars and 100 thousand dollars.

CEO of Stockman Bank Bill Coffee thanked the matching contributions of FHLB Des Moines.

"We appreciate FHLB Des Moines collaborating with us to provide much needed funding to these 11 affordable housing and community development organizations."

Read more: Missoula Mayor And Officials Break Ground On Housing Project

Federal Home Loan Bank of Des Moines is a regional bank that serves 13 states, including Montana.