Builder Proposes 24 Affordable Homes for Billings Veterans

A Billings construction firm has asked the city council to approve a veterans-only affordable housing development on the West End.

Updated on Nov. 14, 2026 in Military Jobs

Builder Proposes 24 Affordable Homes for Billings Veterans

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A Billings construction firm has proposed a 24-unit affordable housing development reserved for veterans to the Billings City Council. The roughly $8.9 million project is funded largely through the Low-Income Housing Tax Credit program.

Why it matters

Billings is home to more than 8,000 veterans, and the company's market study estimates the city is short 359 low-income units for veterans. The proposal would add housing for that gap if the council approves it.

The market study estimates a shortage of 3,750 low-income units in Billings, including 359 for veterans, against a proposed 24-unit project costing roughly $8.9 million. The extraction does not indicate the project's construction timeline or the council's decision.

The players

Low-Income Housing Tax Credit program

A federal program that subsidizes the development of affordable rental housing through tax credits awarded to investors.

The details

The company presented the proposal to the Billings City Council for a 1.7-acre site on the West End, next to the Billings Veterans Administration Clinic. The development would include case management, program coordination, technical assistance, and financial training on site.

The proposal is in front of the Billings City Council, with no decision date given in the extraction.

Market Landscape

The proposal uses the Low-Income Housing Tax Credit program, the main federal mechanism for financing affordable rental housing, to address a local shortage. It is a veterans-specific application of that financing model in a city where the company's study projects a substantial unmet need.

If approved, the development would offer 24 affordable units for veterans in Billings, with on-site case management and financial training. Veterans who qualify under the program's income limits could be eligible for these units once construction is complete.

The takeaway

Affordable housing shortages can be measured for specific groups, such as veterans, and the study suggests Billings' gap reaches into that population. Residents tracking local housing policy can follow council decisions on proposals like this one.