Trust Montana

Promoting community land trusts through education, outreach and consulting. Community land trusts are an increasingly popular tool for curbing gentrifiction and displacement of low and moderate income people in the us. As a result, Trust Montana receives many requests for assistnce in setting up new clt projects around the state. Trust Montana staff provides technical assistance to other non-profits as well as municipalities. In cases where grant funding is not available to cover costs of staff time, Trust Montana does not charge a fee to technical assistance clients.trust Montana also provides clt education to a number of professionals around the state in order to ensure that best practices are followed. Trust Montana provides this education free of charge due to grant funding specifically for this activity. In 2022 Trust Montana provided this education to lenders, title agents, planners, city and county officials, attorneys, economic development groups, private developers, realtors and appraisers.in 2023 Trust Montana has been able to fund these activities with grants from the following entities:catholic campaign for human developmentop and we edwards foundationclearwater credit unionmj murdock charitable trustotto bremer trustmontana healthcare foundation

AFFORDABLE LAND, LLCAFFORDABLE LAND, LLC IS A SINGLE MEMBER LLC OWNED BY TRUST MONTANA. AFFORDABLE LAND LLC WAS FORMED IN 2019 TO HOLD ALL LAND THAT IS ACQUIRED FOR PERMANENTLY AFFORDABLE PROJECTS OF TRUST MONTANA, INC. PREVIOUSLY LAND WAS HELD IN SEPARATE SINGLE MEMBER LLCs .AFFORDABLE LAND LLC DOES NOT HAVE EMPLOYEES AND EXISTS SOLEY TO HOLD TITLE TO LAND ACQUIRED FOR PERMANENTLY AFFORDABLE HOUSING PROJECTS OF TRUST MONTANA INC. AFFORDABLE LAND LLC OWNS LAND IN SIX AREAS OF THE STATE, WITH A TOTAL OF 24 PERMANENTLY AFFORDABLE HOMES ON THE LAND SO FAR, WITH 20+ ADDITIONAL HOMES SLATED FOR 2024. TRUST MONTANA PARTNERS WITH NON-PROFIT DEVELOPERS TO HAVE THE HOMES BUILT, AND TAKES ON THE LONG-TERM STEWARDSHIP OF THE HOMES ONCE THEY ARE SOLD TO ENSURE THAT THE SUBSIDY INVESTED SERVES MULTIPLE GENERATIONS OF PEOPLE. TRUST MONTANA ARRANGES THE LAND TRANSFER INTO THE LLC, SUPPORTS THE HOME OWNERS OVER THE LONG-TERM, AND OVERSEES ALL RESALES TO NEW LOW INCOME BUYERS TO ENSURE THE HOMES REMAIN AFFORDABLE. CURRENT PARTNERS ARE HABITAT FOR HUMANITY OF GALLATIN VALLEY, HELENA AREA HABITAT FOR HUMANITY, THE RED LODGE AREA COMMUNITY FOUNDATION, , THE CITY OF HELENA, AND HOMEWORD INC.THE PROPERTIES OWNED BY AFFORDABLE LAND LLC ARE LOCATED IN THE FOLLOWING AREAS:1) RED LODGE. TRUSTMONTANA OWNS THE LAND UNDER 8 HOMES IN RED LODGE AND WILL BE ACCEPTING THE TRANSFER OF 8 MORE IN 2023 AND 20242) MONTANA STREET HOMES IN MISSOULA. LOCATED ON MISSOULA MONTANA'S WEST SIDE, THIS PROJECT INCLUDES SIX SINGLE FAMILY HOMES AND A COMMUNITY GARDEN. FIVE TWO BEDROOM HOMES WERE DEVELOPED AND SOLD BY HOMEWORD, INC FOR $120,000 EACH AND A ONE BEDROOM HOME SOLD FOR $100,000.INDIVIDUALS WHO PURCHASED THE HOMES ENTERED INTO A LAND LEASE WITH AFFORDABLE LAND, LLC.. PURCHASERS MUST BE EARNING LESS THAN 80% OF AREA MEDIAN INCOME. MEDIAN HOME PRICE IN MISSOULA WAS $290,000 IN 2018. RESALE IS RESTRICTED TO QUALIFIED BUYERS AS WELL, KEEPING THE HOMES PERMANENTLY AFFORDABLE. 3) LIVINGSTON, WHERE LAND IS HELD UNDER ONE FOUR-BEDROOM HOME THAT WAS DEVELOPED BY HABITAT FOR HUMANITY OF GALLATIN VALLEY AND PURCHASED IN AUGUST OF 2019 BY AN INCOME QUALIFIED PERSON FOR $165,000. HABITAT FOR HUMANITY HOUSING CLT, LLC WAS THE OWNER OF THE LAND BEFORE IT WAS TRANSFERRED INTO AFFORDABLE HOMES, LLC IN NOVEMBER OF 2019. 4) BELGRADE, WHERE AFFORDABLE LAND OWNS TWO PARCELS UNDER THREEHABITAT FOR HUMANITY HOMES WHICH ARE NOW STEWARDED AS PERMANENTLY AFFORDABLE.5) BOZEMAN, WHERE AFFORDABLE LAND OWNS ONE PARCEL UNDER A HABITAT FOR HUMANITY BUILT HOME WHICH IS NOW STEWARDED AS PERMANENTLY AFFORDABLE.6) EAST MISSOULA. AFFORDABLE LAND, LLC ADDED A HOME TO THE PROGRAM IN EAST MISSOULA IN EARLY 2022 THROUGH A NEW PROGRAM WHEREIN TRUST MONTANA PROVIDES LARGE DOWN PAYMENT GRANTS THAT PAYS FOR THE LAND, WHILE THE HOMEBUYER PURCHASES THE IMPROVEMENTS.7) HOME IN HELENA IN PARTNERSHIP WITH HELENA HABITAT FOR HUMANITYAFFORDABLE LAND LLC COLLECTS LEASE FEES FROM EACH HOUSHOLD IN THE AMOUNT OF $30-$40 PER MONTH.AFFORDABLE LAND LLC COLLECTS STEWARDSHIP FEES AT THE TIME OF HOME CLOSINGS IN THE AMOUNT OF $1,000 TO $2,000, AND PLACES THOSE FUNDS INTO A SAVINGS ACCOUNT TO ENSURE THAT FUTURE MAINTENANCE AND OTHER EXPENSES WILL BE COVERED.