Clark Fork Commons #13

Application period open through March 5.

Address: 1401 Cedar St #13 Missoula MT

• 2 bed/1.5 bath, 3 stories, 1168 sq. ft., 1-car garage, balcony

This three-story townhome is close to downtown and near the Clark Fork Riverfront. The unit includes a 1-car garage, balcony, 1 full bathroom and 1 half-bath. The Clark Fork Commons is a great community of wonderful neighbors. This home is open to buyers earning up to 80% of Area Median Income. Application period open now through March 5!

Cost and Fees: $213,867. Monthly: $35/month Stewardship Fee to Front Step CLT, $170/month HOA dues

Applicant Income Limits: Available to households earning up to 80% Area Median Income. Visit our handy Area Median Income calculator to find out if your household qualifies.

Applicant Asset Limits: $100,000 limit for non-retirement assets

Maximum Resale Value: Calculated by 1.5% appreciation each year of homeownership

Owner-Occupancy:

• Must be used as primary residence 9 months out of the year

• Cannot be used a short-term rental

Permanent affordability: As a community land trust, our model preserves affordability by separating the deed for the home from the land. This keeps the property off the speculative market and affordable for the next buyer. Owners sign a 75-year, renewable ground lease for the land under the home. CLT homes can be passed down to the next generation!

Contact us any time with questions: hannah@frontstepclt.org