A commercial development planned on 19 acres near the I-90 interchange and Reserve Street could bring more multi-family housing to the market, along with needed retail and office space.
Mountain Line and the Missoula Redevelopment Agency unanimously agreed Thursday to jointly contract a local engineering firm to complete a transportation study and design for the Brooks Street corridor.
But while the amount of investment has grown, so too has the demand for housing the state, and already it has emerged as a potential barrier to economic growth, capital or not.
With approval in place, crews will begin removing the shuttered Sleepy Inn property next week – a move that will enable the city to place the property on the market this spring.
Kelly Lynch writes, "The housing bills we have seen fail to address the primary driver of Montana’s housing problems - outdated statutes that no longer reflect the type and pressure of housing development our communities face."
The number of people experiencing homelessness within city limits has continued to grow, reaching nearly 4,800 in the Metro Denver Homeless Initiative’s 2022 survey.
Under the proposed bill, landlords could charge cleanliness and damage fees to former tenants without giving them notice if they leave without warning or are forcibly evicted.
Local governments in Colorado would gain the ability to purchase multifamily properties before private bidders as long as they commit to use them for affordable housing under a recently introduced bill in the state Legislature.
Under a bill moving through the Montana Senate, landlords and property owners would have to pay back rental application fees to applicants who don’t end up leasing the property.