Decade’s worth of affordable housing poised to open this year in Missoula
While this year’s annual housing report presented trends similar to years past with its snapshot of rising home values and a limited inventory, it also offered glimmers of progress that bode well for affordable housing in Missoula.
Three large affordable housing projects have or will begin to open for leasing this spring, culminating years of work, financing and construction.
“We have over 500 new apartments coming online in the next year that have restricted rents,” said Karissa Trujilo with Homeword. “It means the rents are capped to ensure they’re affordable for people making 40% to 60% of our area median income.”