MeadowView Condo Development

MeadowView is a 52 unit deed restricted affordable housing development, sponsored by the Big Sky Community Housing Trust.

MeadowView Condo Development

MeadowView is a community land trust development. Construction finished in July of 2021. All units are sold.

Funded in part by the Big Sky Resort Tax District, the MeadowView project provides affordable homeownership opportunities to year-round employees. This 52-unit, deed-restricted development located off of Little Coyote Road consists of 12 studios and 40 two-bedroom units. Using the community land trust concept, the homes sell to eligible purchasers at subsidized rates.

CONTRIBUTORS & IMPACT

How to Become Eligible to Purchase

Step One: Join BSCHT’s Homeownership Waitlist.

Step Two: To be eligible, candidates must also attend a Homebuyer Education Class. Big Sky Community Housing Trust does not offer this class. Two options exist to complete this course:

  1. HRDC in Bozeman offers the course virtually. Visit HRDC’s Website for more information or email homeownership@thehrdc.org.
  2. NeighborWorks Montana offers the course online, allowing you to complete the course at your own pace.

Read the Frequently Asked Questions for all the details »

Learn About MeadowView’s Ground Lease

MeadowView Condos sell to qualifying households for a below-market rate with a ground lease that limits the appreciation the owners receive at resale. When owners sell, they must sell to a qualified household or to the community land trust at a predetermined, affordable price. When purchasing homes in MeadowView, buyers know the maximum appreciation percentage they may receive annually for the period that they own their homes. This model allows households priced out of expensive housing markets to purchase, benefiting from limited appreciation and housing stability, while ensuring that the investment to create affordable housing remains in the community in perpetuity.

MeadowView Sold Out

There is currently a waiting list for MeadowView. Units will be available only when a current owner sells.

The MeadowView development is comprised of functional studio and two-bedroom condominiums, each with heated one-car garages. Located on a cul-de-sac adjacent to the Big Sky Community Park, national forest, and common open space, this property connects to maintained foot and Nordic ski trails. MeadowView is on the free shuttle route and is also proximal to the post office, the public golf course, Town Center, and Meadow Village.

Local full-time employed buyers must take an online homebuyer education class, live in the condos, and satisfy income and other qualifying guidelines. The project is eligible for Fannie Mae financing, which may offer buyers a lesser down payment than those offered with traditional loans.

Contact Details

Office: (406) 995-3696

Email: info@bigskyhousingtrust.com

Address:
88 Ousel Falls Rd #A1, 2nd Floor
PO Box 160164
Big Sky, MT 59716

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