We are so excited about the turn-out for the Montana Shared Equity Housing Summit held on January 20, 2022. Over 60 attendees joined us for the majority of the day. We were thrilled to see so new faces join us for a day of education, idea sharing and networking.
The broad term of “shared equity housing” refers to the array of programs that create long-term, affordable homeownership opportunities for families with modest incomes. Shared equity housing (SEH) programs include community land trusts, resident owned communities, deed restricted housing programs and limited equity housing cooperatives.
In the morning session of the Summit, keynote speaker, Tony Pickett- CEO of Grounded Solutions Network, gave us a national perspective on innovations and opportunities in shared equity housing programs. Then we heard from a a panel discussion about the great potential of a co-op/CLT housing model, and a roundtable discussion about secondary market concerns for SEH practitioners in Montana.
In the afternoon we learned about the NeighborWorks Montana Resident Owned Community (ROC) program, the first buyer-initiated community land trust program in Montana, and heard about how the law surrounding community land trusts has evolved over the years.
We heard from developers about how practitioners can best cultivate partnerships with private developers, and heard from a local business owner who is building high quality, sustainable, and affordable prefabricated homes in Southwest Montana to address the shortage of missing middle housing in the state.
We left the Summit feeling energized and inspired by the great work people are doing across the state to tackle big problems with creative solutions!
Please check out Bill Henry and Lori Freeman’s presentations from the Summit here: