These small homes are well designed with efficiency in mind. Two homes are still available for $120,000 each. These two bedroom/two bathroom homes are approximately 550 square feet. They were placed on permanent foundations and the elevations designed to fit respectfully into the existing neighborhood. Homes are being sold to households earning 80% or less of the Area Median Income (for example, $41,100 for one person or $58,650 for a family of 4).
Construction has begun and is expected to be complete Summer 2019.
We are proud to collaborate with our fellow nonprofits to bring the Montana Street Homes to this community, including Garden City Harvest, the Missoula Food Bank and Trust Montana. We are partnering with Trust Montana, a nonprofit, to create a Community Land Trust (CLT) for the Montana Street Homes Property. The land will be held in ownership by Trust Montana permanently and homebuyers will lease the land under their home via renewable, inheritable 75-year ground leases. This form of ownership ensures long-term affordability for current and future homeowners. A CLT is an excellent alternative to renting since the homebuyer will own their home, build equity and experience and benefit from the savings in cost of land being held in trust.