New housing model in Montana turns tenants into shareholders
Collin Bangs got a phone call when the historic property on Wolf Avenue in Missoula went up for sale.
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Collin Bangs got a phone call when the historic property on Wolf Avenue in Missoula went up for sale.
When Gary Lundy first moved to Missoula, he paid the rent on his Northside apartment sight unseen, at least in person.
When the residents of an older apartment complex in Missoula found out the property was getting sold, they decided to try a bold experiment.
Groundbreaking held for affordable apartments in Missoula May 24, 2021 FacebookTwitterEmail The housing authority held a groundbreaking ceremony last Thursday for the $42 million Villagio project. The project consists of two five-story buildings with apartments with two, three and four bedrooms, geared toward families. There will be underground parking. The project is expected to take two years to complete. The apartments will be open to households making at or below 60% of the median income. The area median income on April 1 was $70,900 for a household of four. If the apartments were open no...
The 200 apartments all will have more than one bedroom and will be available to people making between 30% and 60% of the area median income.