MeadowView Condo Development

MeadowView is a community land trust development sponsored by Big Sky Community Housing Trust. Funded in part by the Big Sky Resort Tax District, the project provides affordable homeownership opportunities to year-round employees. This 52-unit development located off Little Coyote Road consists of 12 studios and 40 two-bedroom units, each with a heated garage. Under the community land trust model, homes sell to eligible purchasers at a reduced rate and remain affordable in perpetuity through a ground lease.

Under the CLT model, the Housing Trust retains land ownership but sells the homes. Owners save money on their homes by leasing the land instead of purchasing it. The owners' ground lease dictates terms of ownership, limits appreciation, and outlines qualifications for future owners. View the MeadowView Ground lease.

Homes resell to qualifying households for a below-market rate with a ground lease that limits the appreciation owners will receive at resale. When locals purchase in MeadowView, they earn 2% appreciation per year. This model allows households priced out of expensive markets to buy a home, benefiting from limited appreciation and housing stability while ensuring the homes remain affordable in perpetuity.

The target income range for purchasers of these units is between 60-150% AMI, or between $70,000 to $180,000 for the household. Purchasers must work in Big Sky full-time, not own other housing properties, commit to living in the unit, and qualify for a conventional mortgage. The purchaser's net worth cannot exceed half the home's value.

Step One: Join BSCHT’s Homeownership Interest List.

Step Two: To be eligible, candidates must also attend a Homebuyer Education Class. Big Sky Community Housing Trust does not offer this class. NeighborWorks Montana offers the course online, allowing you to complete it at your own pace. (Please note: the Homebuyer course expires after 2 years. Interested buyers may join the interest list before taking the course, but the course is required before purchasing a MeadowView.)

Yes, all units have been sold. The construction of MeadowView was completed in the summer of 2021. Units will only become available when current owners choose to sell. Interested buyers can join BSCHT’s Homeownership Interest List.

In 2025, MeadowView studios resold for approximately $165,000. Two-bedroom units resold for roughly $360,000. (Owners earn 2% in appreciation per year. Future sale prices will be determined based on this formula.)

Yes. Big Sky Community Housing Trust offers deferred down payment assistance loans of up to $20,000. The borrower must repay the loan at resale, plus an appreciation share equal to the percentage borrowed.

Yes. These funds are a loan and must be returned to BSCHT at resale. BSCHT will then recycle the funds and loan them to future buyers.

The minimum buyer contribution is between 1% and 20% of the purchase price, plus closing costs.

Yes. Subject to the primary lender’s requirements, you can utilize a co-borrower who does not intend to live in the home to help you qualify for the mortgage.

No. MeadowView units must be owner-occupied and are not available for purchase by investors. Short-term rentals are strictly prohibited in MeadowView.

When owners decide to sell their home, they must sell to a qualified buyer on the interest list who meets BSCHT's work, residency, and financial qualifications. Please email becky@bigskyhousingtrust.com if you're a MeadowView owner considering selling.

MeadowView owners must continuously occupy their home but may rent a spare bedroom on a long-term basis to a local tenant. Tenants must work full-time in Big Sky and be approved by Big Sky Community Housing Trust. Please email info@bigskyhousingtrust.com for tenant approval and the current maximum rental rate for a MeadowView spare bedroom.