An innovative new neighborhood concept is coming to Missoula’s Sxwtpqyen area.
The Missoula City Council unanimously approved West End Homes, Montana’s first “agrihood,” during a meeting Monday night.
The development, proposed by local developer Justin Metcalf, includes 260 lots on 71 acres. Ten acres are set aside for farming.
Using a “community profit share tactic,” the developer seeks to enable affordable housing as part of the project. Homeowners would take out a second mortgage on their homes that would be forgiven tax-free after five years if the home is owner-occupied during that period.
Metcalf told council his team is looking at targeting people making 125% to 139% of the Area Median Income, although the houses won’t be income-qualified. He also plans to use alternatives to the Montana Multiple Listing Service to find homebuyers who could be underrepresented in the real estate market.
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Council was uniformly enthusiastic to approve the project Monday.
“I’m excited to see what this can bring and if it’s a model that we can look to moving forward for innovative housing development to try to address the variety of needs that we have in our