NeighborWorks Montana partnered with the North Missoula Community Development Corporation (NMCDC) to try something brand new in the state to preserve the housing for renters: they’re establishing the property as a community land trust.

“The thing that community land trusts do is we retain ownership of the land and the homeowners just purchase the home on top of the land,” said NMCDC land stewardship manager Brittany Palmer. “The value of the land is separated from the value of the home, and that’s what keeps them permanently affordable.”

New incentives to entice Missoula developers to include affordable housing in projects

“We know it can be a challenge to include income-restricted units in buildings,” said Emily Harris-Shears, the city’s housing policy specialist. “We may be able to offer ways to do that so that it helps their bottom line, as well as our community goals around housing.”

 

$8000 a month for a rental in Bozeman? How does Bozeman stack up versus New York rent? The average rent for a 1-bedroom apartment in Bozeman, MT is currently $1,848.

Per Zumper, the average rent for a 1-bedroom apartment in Bozeman, MT is currently $1,848. This is a 16% increase compared to the previous year.