Affordable housing continues to be a major issue in Bozeman, which the Human Resource Development Council, in partnership with Boundary Development, is working to address.
Boundary Development has already purchased land for a project at 726 N. 7th Avenue and the Bozeman City Commission has already approved the housing development.
When the development is finished, there will be 40 units available, varying from one to three bedrooms. The units will be available at 50 or 60% of the Area Median Income, said Lila Fleishman, HRDC community development director.
This means, for example, a one-bedroom unit available at 50% of the AMI would be priced around 60% less than the current market rate, making it much more affordable.
“This would create housing that’s affordable as well as kind of proportionate to the household size. We’re seeing a lot of people unable to find housing in the market that meets their needs. So, having opportunities for people to live close to where they work builds a really strong, healthy community and economy,” Fleishman said.
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