Montana cities need pro-housing reforms
Workers, renters and young families are getting priced out of Montana’s premier cities in an affordability crisis that reached new heights last year. But it’s not just competition over scarce housing from pandemic buyers that is driving up home prices. Strict local zoning regulations exclude low and middle-income residents and worsen Montana’s housing shortage.
The new Montana Zoning Atlas report from Frontier Institute reveals just how hard it is to build affordable housing in Montana. As a result of exclusionary zoning regulations like single-family zoning and minimum lot areas, the atlas finds 70% of primary residential areas in Montana’s most in-demand cities either outright prohibit or penalize affordable multi-family housing development.
Are Corporations Killing the Dream of Owning a Home?
Why are rents rising so much? Well, it turns out that big Wall Street firms are playing a role, but we found the fundamental problem was years in the making…and will take years to fix.
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