MISSOULA — The City of Missoula has taken another step toward the permanent development of 70 affordable homes off of Scott Street on the north side of town.
The Missoula City Council met Wednesday with Montana-based investment company Goodworks Ventures to discuss details of the development.
The city purchased 19 acres off Scott Street last year and now the city council has given Mayor John Engen approval to sell nine of those acres to Ravara Development which will build the homes.
The homes will help meet the city’s five-year strategic plan to incentivize the construction of 100 homes for families earning up to 120% of area median income.
Missoula Housing and Community Development Director Eran Pehan says this will give homeownership opportunities to those who may not have had the income to afford it before now.
"Ensuring that our teachers, that our city employees, that our firefighters can afford to purchase a home in our community and become first-time homeowners -- and that’s what this project does. It will be the largest affordable homeownership project in the state of Montana,” Pehan explained.
City officials will be reaching out to the north side community in the weeks and months ahead to develop a vision of what they want to see in and around the development.
