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6 lots in town offered at about half-price to qualified buyers in Red Lodge, Montana

August 6, 2008 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

When he moved here eight years ago, Bryan Loewen balked at buying a house for $149,000.

Now the church pastor is kicking himself.

The same house is on the market for $300,000, and in this resort town of vacation homes and expensive short-term rentals for tourists, that’s a pretty good deal.

"Everything nice to live in is above $200,000," said Jody Ronning, chairwoman of the Red Lodge Affordable Housing Committee. "Anything below that needs a lot of work. And there is nothing in Red Lodge for under $100,000."

By DIANE COCHRAN
Of The Gazette Staff

Full Story: http://www.billingsgazette.net/articles/2008/08/06/news/state/18-lots.txt

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