In 2020, Big Sky Community Housing Trust (BSCHT) became an independent nonprofit with a mission to create homes for residents. Its first project was Meadowview Condominiums, a 52-unit complex permanently reserved for residents. The units sold 50% below market rate. BSCHT’s next development, RiverView Apartments, will finish by 2024 and will provide 25 rental apartments exclusively for local residents. BSCHT also utilizes existing homes through the “Rent Local” program to increase rental inventory by paying homeowners to make their vacation rentals into long-term rentals. “Good Deeds,” BSCHT’s newest program, pays buyers or existing homeowners 10 to 16 percent of the property’s value in exchange for placing a restriction requiring one occupant to work full time in Big Sky on the property’s title. The deed restriction transfers with the ownership, making the program a lasting community investment. “The Big Sky Community Housing Trust has been keeping locals living in Big Sky since 2018,” said David O’Connor, executive director of BSCHT. “Our goal is to open more opportunities for people to live in the community where they work, as our team had when we first arrived here. Our resident workforce is the backbone that makes Big Sky such a great place to work, live and play.
To learn more, visit the Housing Trust’s website!