RiverView Apartments

RiverView Apartments is a collaboration between Lone Mountain Land Company, Resort Tax, Big Sky Water & Sewer, and BSCHT to develop rental units at 1700 Lone Mountain Trail.

RiverView Occupation Anticipated in June of 2024

A Community Collaboration to Build a New, Affordable Housing Development

On May 3, 2023, Big Sky Community Housing Trust and Lone Mountain Land Company broke ground on RiverView Apartments. A BIG THANKS to the Big Sky community for supporting this collaboration to build 97 new rental apartments off Lone Mountain Trail.

RIVERVIEW TIMELINE

RENTING AT RIVERVIEW

The Housing Trust needs to update its waitlist records in preparation for the formal application process that will begin in April. Please complete the appropriate survey below if you’d like to rent at RiverView and receive additional leasing information. RiverView is NOT available for purchase.

Your place on any other waitlist for the Housing Trust does not matter for RiverView.

Failure to complete this new survey means the Housing Trust cannot give your name to the property manager as a potential tenant.

RIVERVIEW FOR INDIVIDUALS

If you or your household want to rent at RiverView Apartments, please complete this preliminary Individual Survey. Please note that completing a prior survey does not guarantee a position in line for a RiverView Apartment.

Please see the final question in the Individual Survey for additional information you must provide during the formal application process in April.

INDIVIDUAL SURVEY

RIVERVIEW FOR BUSINESSES

If you own a business in Big Sky that wants to rent at RiverView Apartments, please complete the Business Survey. LMLC will release rental rates and an expected occupancy timeframe at a later date.

Lone Mountain Land Company built its portion of the project with private funding only. Because of this, LMLC’s units do not need to meet the federal income guidelines outlined in the chart. LMLC will lease units to local businesses to use as employee housing.

BUSINESS SURVEY

Because BSCHT earned $6.49 million in federal funding to build its 25 apartments, BSCHT’s occupants must meet federal income requirements. BSCHT will rent to individuals with incomes between 30% and 80% of the Area’s Median Income with rent capped at 30% of a household’s income. (See 2023 AMI Chart below.)

The U.S. Department of Housing and Urban Development determines the Area Median Income (AMI) for every county on an annual basis.

AMI is the midpoint in income for households in a region. If you line up each household from poorest to wealthiest, the middle is 100% AMI.

The Housing Trust’s portion consists of two panelized buildings with 25 apartments on the west end of the campus. In October, panels went up for the second building with roof installation beginning in November.

LMLC’s portion contains 72 units. The two green buildings on the west end of the development consist of apartments. The three green buildings in the east will contain private bedrooms with shared living spaces.

Comparison chart between the two developments on the RiverView campus

PHOTO CAPTIONS

BSHCT’s board and staff attend the RiverView groundbreaking on May 3, 2023.
BSCHT’s construction partner, BlueLine Development, adds the roof to BSCHT’s first building in October of 2023.
BSCHT’s portion of the project consists of two apartment buildings on the west end of the campus.
LMLC’s two buildings on the west end of the campus contain traditional apartments.
LMLC’s three buildings on the east end of the campus contain single-occupancy bedrooms with shared living spaces.

Frequently Asked Questions

What is RiverView?

RiverView Apartments is a collaboration between the Housing Trust, Lone Mountain Land Company, Resort Tax, and Big Sky Water & Sewer to build 97 rental apartments off Lone Mountain Trail.

What is the difference between Lone Mountain Land Company’s and the Housing Trust’s portion of RiverView?

Lone Mountain Land Company’s (LMLC) portion will consist of 72 units that are a mix of traditional apartments and single-occupancy dorms with shared living spaces. The Housing Trust’s portion of the development contains 25 apartments with no dorm rooms.

Who is eligible to rent at RiverView Apartments?

Big Sky Resort Area District businesses can rent LMLC’s portion of the project. The Housing Trust’s portion will rent directly to residents instead of businesses.

How much is the rent at RiverView Apartments?

LMLC still needs to set the rental rates for businesses leasing in RiverView. Because BSCHT earned $6.49 million in federal funding to build its 25 apartments, BSCHT’s occupants must meet federal income requirements. BSCHT will rent to individuals with incomes between 30% and 80% of the Area’s Median Income, with rent capped at 30% of a household’s income.

Can I purchase a RiverView Apartment?

No. RiverView Apartments are only for rent.

When will you complete RiverView Apartments?

Developers anticipate finishing construction by June 1, 2024.

What is the rental process?

BSCHT has yet to establish the rental process because construction will not finish until June 2024. If you are an employer or employee interested in renting at RiverView, please join the RiverView Waitlist. The Housing Trust will provide more information in 2024.

Are pets permitted at RiverView Apartments?

Pet rules are still unknown. Registered ESA and service animals are allowed.

How many bedrooms are in each apartment?

The apartments are a mix of one-, two-, and three-bedrooms.

How many bedrooms and bathrooms are in each dorm?

LMLC’s RiverView dorms have two different floor plans. One will have eight single-occupancy bedrooms, and the other will have four single-occupancy bedrooms. There is one bathroom for every two bedrooms in LMLC’s dorms.