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Council approves $100,000 to land trust to buy down Trail View home, 4–2 vote
Summary
The City Council approved a $100,000 contribution to the Northwest Montana Community Land Trust to support the purchase of 405 Trail View Way and reduce the resale baseline so the home remains affordable under a community-land-trust ground lease. The measure passed 4–2; two councilors voted no.
The City Council on June 2 approved a $100,000 payment to the Northwest Montana Community Land Trust (NWMT CLT) to support purchase of 405 Trail View Way and to lower the home’s resale baseline so it remains affordable under a community-land-trust ground lease.
Kim Morisaki, executive director of the Northwest Montana Community Land Trust, told the council the organization routinely acquires deed-restricted homes in the Trail View neighborhood to convert them to community-land-trust ownership and keep them permanently affordable. "Our hope is to continue to buy those homes, buy the land underneath those homes, and continue to bring them back down into the $300,000 range," Morisaki…
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