Homes in line for community land trust

Print Article

The first home in Kalispell’s community land trust could be a mere two weeks away from reality.

Katharine Thompson, community development manager for the city, said Wednesday that negotiations are under way on four homes, three of them in south Kalispell and a fourth one just north of the city center.

“We’re looking at the first week in February to have a house close,” Thompson said. “But this [land trust paperwork] has to be done before then.”

The Kalispell City Council cleared away one hurdle Tuesday night when it approved an interlocal agreement with Community Action Partnership of Northwest Montana.

The Montana Department of Commerce, the state conduit for the federal housing program, requires Neighborhood Stabilization Program grant money to go to the city. The city then passes it directly to Community Action Partnership, which carries out the program.

The $4 million grant will help buy 22 homes that have been foreclosed upon within city limits. Administrators then will go through the legal paperwork to separate ownership of the land from the house, put the land in a community trust and sell the house at an affordable price.

When the house is resold, the land stays in the trust.

It’s aimed at providing affordable housing primarily for the city’s work force. A portion of the homes will be reserved specifically for low-income buyers.

To receive the full grant, however, all $4 million must be committed by Sept. 19 this year.

The agreement between the city and Community Action Partnership sets out intentions for using the money, how it will be administered and other legalities of the partnership.

Mayor Tammi Fisher also asked for, and won, specific dates for accountability. The nonprofit must file its first progress report with the city on June 1 this year, with subsequent annual reports due on the same date. Quarterly updates also are required.

Council member Wayne Saverud questioned Thompson on purchase prices for the homes.

Thompson explained Wednesday that when the program was launched, the Department of Housing and Urban Development required each home to be bought at least 5 percent below appraised value. When taken together, all homes in the program would have had to come in 15 percent below appraisal.

That requirement was removed when HUD officials realized the negative pressure it would put on property values of the surrounding neighborhoods.

New regulations require that homes be bought at appraised value or no more than 1 percent below that value.

Tim Kluesner, a council member and loan officer with Three Rivers Bank, asked Thompson whether program administrators in Kalispell will keep the money in local banks to boost the local economy rather than sending it out of state.

Thompson pledged that officials plan to work with local banks when financing the homes.

In addition, any rehabilitation work that will have to be done after buying the foreclosed homes — she expects that to be minimal — will be done by local firms contracted by Community Action Partnership.

Reporter Nancy Kimball can be reached at 758-4483 or by e-mail at nkimball@dailyinterlake.com

Print Article

Read More Local News

World War II navigator to be honored during special ceremony

May 27, 2017 at 5:00 am | Daily Inter Lake A Eureka-area veteran who flew 28 bombing missions as a navigator during World War II will be honored during a special Memorial Day flag-raising ceremony at the C.E. Conrad Memorial Cemetery in Kal...

Comments

Read More

‘Hamburglar’ posse strikes Evergreen drive-thru

May 26, 2017 at 7:33 pm | Daily Inter Lake A group of belligerent people reportedly stole a woman’s food in the drive-thru of a fast food restaurant in Evergreen, according to a Flathead Sheriff’s report. The people were allegedly calling the...

Comments

Read More

Bigfork hosts motorcycle memorial ride, poker run

May 26, 2017 at 7:35 pm | Daily Inter Lake Today, Bigfork is expecting more than 100 people on motorcycles to roll through town as a tribute to friends lost in a car crash and as a reason to fundraise for local veterans. It’s the 8th annual...

Comments

Read More

Flathead Forest opens all campgrounds

May 26, 2017 at 7:35 pm | Daily Inter Lake All Flathead National Forest campgrounds are scheduled to be open by the Memorial Day weekend. Holland Lake, Swan Lake, Emery Bay, Murray Bay, Devil Creek, Lid Creek, Lost Johnny Camp and Lost Joh...

Comments

Read More

Contact Us

(406) 755-7000
727 East Idaho
Kalispell, MT 59901

©2017 Daily Inter Lake Terms of Use Privacy Policy
X
X