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Local investor says affordable residences on donated parcel available to all
Published
8 years agoon
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Outlaw PartnersHUMAN RESOURCES DEVELOPMENT COUNCIL
The Big Sky Community Housing Trust on June 8 announced that land donor Loren Bough wished to expand the definition of “essential workforce” to include support staff at the Big Sky Medical Center and local 501(c)(3) nonprofit staff.
Bough pledged the initial land donation to the BSCHT with a preference of providing housing for teachers, firefighters and law enforcement.
“Input gathered during the HRDC community meetings and through surveys lead us to clarify that eligibility for housing is open to the entire community,” Bough said. “We are attempting to find a balance between meeting the needs of essential workforce and keeping the process open to everyone.”
Affordable residences on the Bough parcel in South Fork Meadows will be used for the construction of 28-32 two- and three-bedroom condominiums available to the Big Sky workforce, and will not be reserved exclusively for employees of selected organizations in Big Sky.
The condos will be available to anyone interested in homeownership who can meet basic home-financing thresholds. A five to seven member advisory board comprised of members of the Big Sky community will make the decisions on whom will be given the opportunity to purchase the residences.
Members will represent local government, business, potential buyers, water/sewer district, the Big Sky Resort Area District tax board and other community organizations. A scoring matrix will be used to ensure transparency and a fair selection process.
BSCHT plans for infrastructure to be completed by late summer or early fall, and first phase foundations to be installed before winter, with construction being completed over the winter. Occupation will take place in early summer 2017.
Lone Mountain Land Company is the lead developer donating time and resources for the pre-development work. The timeline of the project is subject to funding and resources available for the development.
BSCHT is currently a subsidiary of HRDC, District IX, and is a community land trust working to provide housing solutions to meet the needs of low- and moderate-income individuals and families working in the Big Sky community.
HRDC is a nonprofit Community Action Agency dedicated to building better communities. Visit thehrdc.org for more information.
The Outlaw Partners is a creative marketing, media and events company based in Big Sky, Montana.
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