Burns Street Commons Homes Now Available!
The North Missoula Community Development Corporation is pleased to announce the near completion of new Community Land Trust homes at Burns Street Commons! Located on the upper Westside, these homes are available to first-time homebuyers earning less than 80 percent of the area median income.
Each of the seventeen homes comes with a stove, refrigerator, and energy-star rated dishwasher. Floor coverings consist of eco-friendly FLOR carpet squares and Marmoleum in modern, vibrant colors. All homes are built with energy heels for added insulation and windows are energy-star rated as well. A central boiler heating system provides low-cost, comfortable heat.
The homes are located next to the new Missoula Community Market and future commercial kitchen/deli and restaurant as well as two blocks from a Mountain Line bus stop. Take a look below at the unit types, sizes and costs. For more information call Jerry at 829-8414.
Unit # |
# of Bedrooms |
# of Baths |
Square footage |
One or Two Story |
Price |
HRDC
2nd Amount |
Loan Amount |
1 |
1 |
1 |
638 |
1 (Accessible unit) |
$115,000 |
$5,000 |
$110,000 |
2 |
1 |
1 |
638 |
1 (Accessible unit) |
$112,500 |
$10,000 |
$102,500 |
3 |
1 |
1 |
638 |
1 (Accessible unit) |
$112,500 |
$10,000 |
$102,500 |
4 |
1 |
1 |
638 |
1 (Accessible unit) |
SOLD |
SOLD |
SOLD |
5 |
1 |
1 |
638 |
1 (Accessible unit) |
$112,500 |
$10,000 |
$102,500 |
6 |
1 |
1 |
638 |
1 (Accessible unit) |
$112,500 |
$10,000 |
$102,500 |
7 |
3 |
1 |
1160 |
1 (Accessible unit) |
$150,000 |
$20,000 |
$130,000 |
8 |
2 |
1.5 |
1075 |
2 |
$135,000 |
$10,000 |
$125,000 |
9 |
2 |
1.5 |
1075 |
2 |
$135,000 |
$10,000 |
$125,000 |
10 |
2 |
1.5 |
985 |
2 |
$127,000 |
$10,000 |
$117,000 |
11 |
2 |
1.5 |
985 |
2 |
$127,000 |
$10,000 |
$117,000 |
12 |
2 |
1.5 |
985 |
2 |
$128,000 |
$10,000 |
$118,000 |
13 |
3 |
1.5 |
1223 |
2 |
$150,000 |
$20,000 |
$130,000 |
14 |
3 |
1 |
1223 |
1 |
$150,000 |
$20,000 |
$130,000 |
15# |
3 |
1 |
1276 |
1 |
$165,000 |
|
$165,000 |
16 |
3 |
1 |
1250 |
1 |
$150,000 |
$20,000 |
$130,000 |
17 |
3 |
1 |
1196 |
1 |
$150,000 |
$20,000 |
$130,000 |
The Human Resource Council (HRDC) has zero-percent, no-payment, 2nd mortgage funds allocated to each unit. Please see chart for disbursement. Repayment of HRDC loan occurs when you resell your house. Because of these funds the amount of loan you need to purchase the home is lower than the actual price of the home.
Each home qualifies for a 5.5 percent mortgage through the Montana Board of Housing.
# This is a market rate home and not resale restricted.
|
|
•Land Stewarship Program Home
•How a Land Trust Works
•Area Median Income
•The Resale Formula
•Resale versus Recapture
•Land Stewardship Program Application
LSP Projects
•Whittier Court
•Clark Fork Commons
•Burns Street Commons
|
Land
Stewardship
Missoula
Outdoor Cinema
Moon-
Burns Street Square 
Missoula Community Co-op
