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News from NeighborWorks Montana – Scott Street Development in Missoula

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NEWS & UPDATES

Scott Street Development in Missoula

Framing has begun for new townhomes and condos on the Northside in Missoula! Over the next few weeks, the structure will take shape at Charlo and Scott Street.

The Scott Street Development spans 10 acres in Missoula’s Northside, with new street connections:

  • 3 acres for 89 for-sale homes, including 47 Community Land Trust homes for income-qualified buyers.
  • 5 acres for mixed-use development, with retail space and 220 market-rate apartments.

Construction started in early 2024, with utilities and street grading completed. Paving is set for spring 2025. The first building, featuring eight townhomes for sale, is expected by January 2026. Condominiums and more townhomes will follow.

When finished, this will be Montana’s largest development of income-restricted, for-sale homes on a Community Land Trust. 53% of the homes will be available to households earning up to 120% of the area median income.

Through our Real Estate Development and Acquisition loan fund, NeighborWorks Montana provided gap financing for the Scott Street development. We are very grateful for the partnership with First Security Bank of Missoula and the efforts of the community to bring this project to life. This development will provide great homeownership opportunities for those living within the Missoula area and we are very happy that a number of these homes will be permanently affordable through the partnership with North Missoula Community Development Corporation.

“NeighborWorks Montana is happy to collaborate with our partners and to see what an happen when communities come together and imagine a future housing project like this one!” Larry Phillips, Real Estate Lending Director

Interested buyers can reach out to [email protected] to get started!

Loan Customers Please Take Note

1098 forms are now available to all applicable single-family home loan customers and will be delivered by mail soon. Upon request, we can upload the form directly to your online profile for convenient access.

If you do not receive your 1098 or have questions, please contact Vickie at 406-604-4542 or by email at [email protected].

2025 Housing Conference News

Become a Sponsor

The Montana Housing Partnership invites you to sponsor the 2025 Housing Conference happening May 19-21 in Billings! Your support is key to tackling housing challenges and expanding opportunities for Montanans. Join leaders and experts to share ideas and shape the future of housing throughout the state.

Registration Opens in March!

Registration will open with early bird pricing on March 4th. Early bird tickets are $365 and will be available until April 4th. Watch for information about content and more coming soon!

VISIT NWMT.ORG/HOUSING-CONFERENCE FOR MORE INFO

NeighborWorks Montana | 406.604.4540 | nwmt.org

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