Community Planning, Development, & Innovation grant programs fund a variety of projects that provide many community benefits. Read on about this year's projects!
Affordable Housing Trust Fund Projects
The Affordable Housing Trust Fund leverages resources, reduces barriers, and develops partnerships to create, preserve, and support access to affordable housing in Missoula. In May, City Council approved $738,427 of Affordable Housing Trust Fund grants to help move the needle on affordable housing for our community in the coming year.
- Homeword will receive funding for two of their critical projects, including $348,427 for rehabilitation of the Creekside Apartment Building and $20,000 to support Get Ready for Homeownership and Financial Skill-building classes. These projects will maintain the livability and affordability of Creekside’s 161 apartments in addition to supporting over 1,000 individuals as they develop their financial skills and prepare for homeownership.
- North Missoula Community Development Corporation (NMCDC) will receive $330,000 in funding for the purchase of land under 14 homes in the River Road neighborhood, which will be converted into a cooperative community land trust. NMCDC will also receive $40,000 in capacity building support to continue growing their Community Land Trust program.
Recent successes of the Affordable Housing Trust Fund include partnering with NeighborWorks Montana to purchase Bonnie’s Place and create a land ownership cooperative for mobile homeowners, protecting housing for 28 households! This transaction was finalized in April. Another milestone includes partnering with the North Missoula Community Development Corporation to purchase property on Wolf Avenue that will create the very first cooperative/Community Land Trust hybrid project in the state of Montana. Through this project, eight households will establish homeownership and the model will serve as an example for future housing projects.
On Wednesday, June 14 staff and community partners will share an update with City Council at the Housing, Redevelopment and Community Programs committee. Join us in person or virtually to learn more about the impact the Affordable Housing Trust Fund is making in the community! Meeting times are set the Friday before the committee meeting. Check the calendar here after June 9 for the meeting time, agenda and location details.