Montana legislation · 2025 Regular Session
Montana HB422: Allow covenants that provide housing affordability
Status: Failed, May 20, 2025
What the bill says
A bill for an act entitled: "an act revising covenant laws to allow covenants that encourage workforce housing affordability and attainability; allowing covenants that restrict the sale, lease, or owner's share of equity appreciation to individuals with specific incomes and occupations; and amending section 70-17-203, mca.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT REVISING COVENANT LAWS TO ALLOW COVENANTS THAT ENCOURAGE WORKFORCE HOUSING AFFORDABILITY AND ATTAINABILITY; ALLOWING COVENANTS THAT RESTRICT THE SALE, LEASE, OR OWNER'S SHARE OF EQUITY APPRECIATION TO INDIVIDUALS WITH SPECIFIC INCOMES AND OCCUPATIONS; AND AMENDING SECTION 70-17-203, MCA." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: Section 1. Section 70-17-203, MCA, is amended to read: "70-17-203. Covenants that run with land. (1) Except as provided in 70-1-522 and 70-17-212, every covenant contained in a grant of an estate in real property that is made for the direct benefit of the property or some part of the property then in existence runs with the land. (2) Subsection (1) includes: (a) covenants of warranty, for quiet enjoyment, or for further assurance on the part of the grantor and covenants for the payment of rent or of taxes or assessments upon the land on the part of a grantee; (b) conservation easements pursuant to 76-6-209; (c) a dedication of open space as provided in 76-3-509; and (d) wind easements pursuant to Title 70, chapter 17, part 4; and (e) covenants restricting the sale, lease, or the owner's share of appreciation in equity of residential property to individuals with specific incomes or occupations, the purpose of which is to encourage the long-term affordability …
Sponsors
- Karlen, Jonathan (D, 98) · primary sponsor
Latest actions
- : (H) Died in Process
- : (H) Missed Deadline for Appropriation Bill Transmittal
- : (H) Taken from Table in Committee
- : (H) Fiscal Note Printed
- : (H) Fiscal Note Signed
- : (H) Fiscal Note Received
- : (H) Tabled in Committee
- : (H) Hearing
- : (H) First Reading
- : (H) Missed Deadline for General Bill Transmittal
Subjects: Property, Housing, Contracts
Common questions
- What is HB422?
- HB422 is a bill in the Montana Legislature (2025 Regular Session): Allow covenants that provide housing affordability.
- What does HB422 do?
- In its own words: A bill for an act entitled: "an act revising covenant laws to allow covenants that encourage workforce housing affordability and attainability; allowing covenants that restrict the sale, lease, or owner's share of equity appreciation to individuals with specific incomes and occupations; and amending section 70-17-203, mca.".
- What is the status of HB422?
- Failed as of May 20, 2025. Latest action: (H) Died in Process (May 20, 2025).
- Who sponsored HB422?
- Karlen, Jonathan (D, 98).
- Where is the official record for HB422?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC3244
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.