NewsMissoula County


Missoula City Council approves creation of trust fund for subsidized, affordable housing

Missoula Housing
Posted at 7:08 AM, Jul 21, 2020
and last updated 2020-07-21 10:08:08-04

MISSOULA — The Missoula City Council adopted a resolution on Monday evening that will create a trust fund for subsidized and affordable housing in the city.

The trust fund has been a long time coming, especially for members of Common Good Missoula -- a group that’s lobbied for the fund for months.

They say social and systemic inequities limit secure housing for everyone, particularly Black, Indigenous, and people of color.

Our partners at the Missoula Current report the trust will tap a number of funding sources to build a funding pool that will then boost the development of housing. This will be paid for by property taxes and private sources.

A handful of callers and some city council members opposed the trust fund, worrying it will ultimately drive up housing costs.

The trust fund does align with the recently passed housing policy as a way to pay for affordable and subsidized housing. The final vote on Monday was 9 to 2.