Commissioners Delay Vote on Affordable Housing Plan

By
Real Estate Agent with Hart Real Estate Solutions RRE-BRO-LIC-24638

I wanted to quickly apprise Bozeman locals and potential residents of the impending decision Bozeman Commissioners need to make regarding affordable housing. On Monday, Commissioners heard arguments from all sides on whether they should move forward with an inclusionary zoning proposal that would try to lower costs of home within Bozeman city limits.

Commissioners received solid opposition from members in both the real estate and building industries.  Both the Gallatin Association of Realtors and the Southwest Montana Building Association raised concerns about the new proposal. These two groups worried the proposal would set back a rebounding Bozeman housing market while also encouraging sprawl outside of city limits to avoid the new laws.

Even the HRDC, a proponent of inclusionary zoning, took issue with the fact that it only helped the most affluent families who still qualified for affordable housing. But, the HRDC did still support the proposal as it stood.

For now, commissioners have tabled a vote on the proposal, with no deadline for when it may reappear for a vote. As of now, the Bozeman housing market will carry on as it had been.

 

Source: http://www.bozemandailychronicle.com/news/city/bozeman-commissioners-delay-action-on-affordable-housing-plan/article_00e24456-1302-5420-8b72-1db6f68ef193.html

 

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