TRUST MONTANA
117 WEST BROADWAY, MISSOULA, MT 59802 trustmontana.org

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Organizations Filed Purposes: TRUST MONTANA'S MISSION IS TO PROMOTE COMMUNITY LAND TRUSTS AND HOLD LAND IN TRUST TO FACILITATE WORKFORCE HOUSING, FARMLAND AFFORDABILITY, AND THE PRESERVATION OF VITAL COMMUNITY ASSETS THAT KEEP RURAL AND URBAN AREAS LIVABLE FOR MONTANANS OF VARIED ECONOMIC MEANS.

PROMOTING COMMUNITY LAND TRUSTS THROUGH EDUCATION, OUTREACH AND CONSULTING. COMMUNITY LAND TRUSTS ARE AN INCREASINGLY POPULAR TOOL FOR CURBING GENTRIFICTION AND DISPLACEMENT OF LOW AND MODERATE INCOME PEOPLE IN THE US. AS A RESULT, TRUST MONTANA RECEIVES MANY REQUESTS FOR ASSISTNCE IN SETTING UP NEW CLT PROJECTS AROUND THE STATE. TRUST MONTANA STAFF PROVIDES TECHNICAL ASSISTANCE TO OTHER NON-PROFITS AS WELL AS MUNICIPALITIES. IN CASES WHERE GRANT FUNDING IS NOT AVAILABLE TO COVER COSTS OF STAFF TIME, TRUST MONTANA DOES NOT CHARGE A FEE TO TECHNICAL ASSISTANCE CLIENTS.TRUST MONTANA ALSO PROVIDES CLT EDUCATION TO A NUMBER OF PROFESSIONALS AROUND THE STATE IN ORDER TO ENSURE THAT BEST PRACTICES ARE FOLLOWED. TRUST MONTANA PROVIDES THIS EDUCATION FREE OF CHARGE DUE TO GRANT FUNDING SPECIFICALLY FOR THIS ACTIVITY. IN 2019, TRUST MONTANA PROVIDED THIS EDUCATION TO LENDERS, TITLE AGENTS, PLANNERS, CITY AND COUNTY OFFICIALS, ATTORNEYS AND APPRAISERS.TRUST MONTANA HAS BEEN ABLE TO FUND THESE ACTIVITIES WITH GRANTS FROM THE FOLLOWING ENTITIES:MONTANA JUSTICE FOUNDATIONLLEWELLYN FOUNTATIONHIGH STAKES FOUNDATIONOP AND WE EDWARDS FOUNDATIONUSDAUS BANK

AFFORDABLE LAND, LLCAFFORDABLE LAND, LLC IS A SINGLE MEMBER LLC OWNED BY TRUST MONTANA. AFFORDABLE LAND LLC WAS FORMED IN 2019 TO HOLD ALL LAND THAT IS ACQUIRED FOR PERMANENTLY AFFORDABLE PROJECTS OF TRUST MONTANA, INC. PREVIOUSLY LAND WAS HELD IN SEPARATE SINGLE MEMBER LLCs .AFFORDABLE LAND LLC DOES NOT HAVE EMPLOYEES AND EXISTS SOLEY TO HOLD TITLE TO LAND ACQUIRED FOR PERMANENTLY AFFORDABLE HOUSING PROJECTS OF TRUST MONTANA INC. AFFORDABLE LAND LLC OWNS LAND IN THREE AREAS OF THE STATE, WITH A TOTAL OF 11 PERMANENTLY AFFORDABLE HOMES ON THE LAND SO FAR, WITH 20+ ADDITIONAL HOMES SLATED FOR 2021. TRUST MONTANA PARTNERS WITH NON-PROFIT DEVELOPERS TO HAVE THE HOMES BUILT, AND TAKES ON THE LONG-TERM STEWARDSHIP OF THE HOMES ONCE THEY ARE SOLD TO ENSURE THAT THE SUBSIDY INVESTED SERVES MULTIPLE GENERATIONS OF PEOPLE. TRUST MONTANA ARRANGES THE LAND TRANSFER INTO THE LLC, SUPPORTS THE HOME OWNERS OVER THE LONG-TERM, AND OVERSEES ALL RESALES TO NEW LOW INCOME BUYERS TO ENSURE THE HOMES REMAIN AFFORDABLE. CURRENT PARTNERS ARE HABITAT FOR HUMANITY OF GALLATIN VALLEY, HELENA AREA HABITAT FOR HUMANITY, THE RED LODGE AREA COMMUNITY FOUNDATION, , THE CITY OF HELENA, AND HOMEWORD INC.THE PROPERTIES OWNED BY AFFORDABLE LAND LLC ARE LOCATED IN THE FOLLOWING AREAS:1) RED LODGE WHERE AFFORDABLE LAND, LLC HOLDS THE LAND UNDER TWO THREE BEDROOM HOMES. THE FIRST HOME WAS SOLD TO ITS CURRENT OWNER BY HABITAT FOR HUMANITY OF RED LODGE BEFORE THE HABITAT AFFILIATE WAS DISSOLVED. THE LAND UNDER THE HOME WAS TRANSFERRED TO TRUST MONTANA IN 2015. THE SECOND HOME WAS DEVELOPED AND SOLD BY RED LODGE AREA COMMUNITY FOUNDATION TO AN INCOME QUALIFIED BUYER. THESE PROPERTIES WERE TRNSFERRED INTO AFFORDABLE LAND LLC IN NOVEMBER OF 20192) MONTANA STREET HOMES IN MISSOULA. LOCATED ON MISSOULA MONTANA'S WEST SIDE, THIS PROJECT INCLUDES SIX SINGLE FAMILY HOMES AND A COMMUNITY GARDEN. FIVE TWO BEDROOM HOMES WERE DEVELOPED AND SOLD BY HOMEWORD, INC FOR $120,000 EACH AND A ONE BEDROOM HOME SOLD FOR $100,000.INDIVIDUALS WHO PURCHASED THE HOMES ENTERED INTO A LAND LEASE WITH AFFORDABLE LAND, LLC.. PURCHASERS MUST BE EARNING LESS THAN 80% OF AREA MEDIAN INCOME. MEDIAN HOME PRICE IN MISSOULA WAS $290,000 IN 2018. RESALE IS RESTRICTED TO QUALIFIED BUYERS AS WELL, KEEPING THE HOMES PERMANENTLY AFFORDABLE. 3) LIVINGSTON, WHERE LAND IS HELD UNDER ONE FOUR-BEDROOM HOME THAT WAS DEVELOPED BY HABITAT FOR HUMANITY OF GALLATIN VALLEY AND PURCHASED IN AUGUST OF 2019 BY AN INCOME QUALIFIED PERSON FOR $165,000. HABITAT FOR HUMANITY HOUSING CLT, LLC WAS THE OWNER OF THE LAND BEFORE IT WAS TRANSFERRED INTO AFFORDABLE HOMES, LLC IN NOVEMBER OF 2019. UP TO FIFTEEN ADDITIONAL HOMESITES WILL BE TRANSFERRED TO AFFORDABLE HOMES LLC IN THIS AREA VIA LAND DONATIONS FROM HABITAT FOR HUMANITY OF GALLATIN VALLEY.4) BELGRADE, WHERE AFFORDABLE LAND OWNS TWO PARCELS UNDER TWO HABITAT FOR HUMANITY HOMES WHICH ARE NOW STEWARDED AS PERMANENTLY AFFORDABLE.5) BOZEMAN, WHEE AFFORDABLE LAND OWNS ONEE PARCEL UNDER A HABITAT FOR HUMANITY BUILT HOME WHICH IS NOW STEWARDED AS PERMANENTLY AFFORDABLE.AFFORDABLE LAND LLC COLLECTS LEASE FEES FROM EACH HOUSHOLD IN THE AMOUNT OF $25-$30 PER MONTH.AFFORDABLE LAND LLC COLLECTS STEWARDSHIP FEES AT THE TIME OF HOME CLOSINGS IN THE AMOUNT OF $1,000 TO $2,000, AND PLACES THOSE FUNDS INTO A SAVINGS ACCOUNT TO ENSURE THAT FUTURE MAINTENANCE AND OTHER EXPENSES WILL BE COVERED.

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