The agency & primary document
- Allocating agency
- Montana Board of Housing / Montana Housing (MBOH)
- QAP / guidelines
- https://commerce.mt.gov/Housing/Developers/Housing-Credit/
- Governing document
- 2027 QAP market study provisions (p. 24) + MiniFullMktStudyReq.xlsx (Mini and Full Market Study types)
- Methodology
- Agency-specific standalone methodology
Required market study sections
Montana uses its own standalone market study methodology rather than the NCHMA Model Content Standards. Agency-specific methodology — MBOH publishes its own requirements in an Excel file with an embedded Word document.
Montana Board of Housing (Montana Department of Commerce) market study checklist → — every required item, with a link to the agency's guideline.
Key Montana rules
- Staleness window
- "Market Studies must be completed within six (6) months prior to the submission date of the Application" (2027 QAP, p. 24)
Montana-specific overlays
- TWO sub-types: Mini Market Study and Full Market Study — analyst must determine which applies per the embedded Word doc criteria
Required companion documents
- MktStudySum tab (PDF — place UP FRONT in report)
- AnalystCert tab (PDF — place in addenda)
Things analysts miss in Montana
- Requirements live in an Excel file with an embedded Word document — not a standalone PDF
- Determine Mini vs Full Market Study type before answering MT-specific questions — methodology differs by type
Build the Market Data section of your Montana study
StudyScribe auto-fills the Market Data section — employment, unemployment, building permits, crime and amenities — from BLS, Census, HUD, FBI and Google sources, cites every figure, and exports a Word document formatted for Montana Board of Housing / Montana Housing (MBOH) submissions. Start free — no credit card.
Request access for your Montana study →Frequently asked questions
Who reviews LIHTC market studies in Montana?
Montana Board of Housing / Montana Housing (MBOH) sets the market study requirements and reviews submissions for Montana Low-Income Housing Tax Credit applications.
How current must a Montana LIHTC market study be?
"Market Studies must be completed within six (6) months prior to the submission date of the Application" (2027 QAP, p. 24)
Does Montana follow NCHMA standards?
Agency-specific methodology — MBOH publishes its own requirements in an Excel file with an embedded Word document.
Other states
This summary is for general reference and reflects Montana Board of Housing / Montana Housing (MBOH)'s published guidance as understood by StudyScribe; it is not legal or compliance advice. Always confirm requirements against the current QAP / market study guidelines before submission.