City of Bozeman Community Housing Mill Levy


Think Housing is an Issue?
The Community Housing Mill Levy will create a consistent, sustainable, dedicated funding stream to invest in the development and preservation of homes that people that live and work in Bozeman can afford.
A "Yes" Vote Means
Voting yes will cost property owners $33 per year, generating almost $1 million annually to put towards creating new and preserving existing housing at all price points.
A "No" Vote Means
This will maintain the status quo – any investments in housing will continue to be drawn from the City of Bozeman’s General Fund and will compete annually with all other departmental and community priorities. This will continue to result in limited and inconsistent investment.
POTENTIAL IMPACT
$4.75 M
The Community Housing Mill Levy has the potential to generate an investment of up to $4.75 Million in local housing solutions over the next 5 years.
900 HOMES
If invested and leveraged effectively, the Community Housing Mill Levy has the potential to generate close to 900 new homes – affordable to families that live and work here.
5,500 PEOPLE
The Community Housing Levy has the potential to benefit more than 5,500 people in Bozeman.
Letter to the Editor
Most Bozeman residents, whether seeking housing for themselves or witnessing the inability of businesses to hire employees because of the lack of housing, recognize that our community’s housing situation has reached crisis levels.
The community is rightfully concerned regarding the 7 mill community housing resolution and the lack of specificity for how funds are to be invested. While this wasn’t our process, to help demonstrate how these funds could positively impact community housing, HRDC has developed a recommendation to the City for a five-year investment strategy. This strategy, which can be found at www.thehrdc.org/policy outlines a plan to create 900 affordable rental and ownership homes that could serve an approximate 1,500 community members. The strategy calls for additional support to 4,000 community members through emergency programming, supportive services, homebuyer’s education and counseling, and down-payment assistance, and leverages nearly $230 million in private, Federal, and State investment to create homes that people that live and work here can afford across the income spectrum.
These recommendations demonstrate how mill funds could be used to address the needs identified in the City’s 2019 Housing Needs Assessment. In addition to an investment strategy, the plan further recommends processes for income targeting, competitive requests for proposals to ensure the best plans are funded, leveraging of resources, and an annual evaluation report for taxpayers.
Housing is a complex issue, with solutions that are small, many, and varied and where no opportunities can be missed. In calling for a more innovative solution and additional study, we stand to miss an opportunity to support and leverage the efforts of housing developers and service providers, each doing what they can to address this critical community issue today.
– HRDC Board of Directors
Additional Information
For additional information related to the lack of affordable housing, please click on the following links:
THE NATIONAL LOW INCOME HOUSING COALITION REPORT
BBER HOUSING REPORT: AFFORDABLE HOUSING IN MONTANA