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HomeMy WebLinkAbout04-21-2020 Public Comment - K. Jennings - Support for Bridger View RedevelopmentFrom:Karin Jennings To:Agenda Subject:Support for Bridger View Redevelopment Date:Tuesday, April 21, 2020 10:06:01 AM Dear Planning Board Members, I am writing in support of the Bridger View Redevelopment project PUD that you will be reviewing on May 5th. In full disclosure, I am a volunteer member of the working board of the Headwaters CommunityHousing Trust, involved in the initial planning and implementation of the Bridger View Redevelopment project. Additionally, through my employer, West Paw, I represented the local manufacturing sector by participating in the City’s Housing Needs Assessment Working Group, as affordable housing is a critical employment issue for us. I have lived in Bozeman since 1992, so have experienced the growth we have been blessed with which has resulted in our explosive housing demand and increasing prices (both good and bad depending on your ownership status). As the City’s Housing Needs Assessment determined, a greater mixture of housing options is critically needed in our community. The Bridger View Redevelopment will provide for some of those needs, and will showcase several new tools which may be applied to other housing developments as the community works toward more affordable options. Critical to permanent affordability, the homes in this project will be made affordable to “missing middle-income” households (between 80% to 120% of local area median income) and will be kept affordable and available to households in these income ranges through the Headwaters Community Housing Trust's work. As a community land trust, it will ensure that these homes are initially marketed and sold to “missing middle-income” households; and that, upon resale, these homes will be resold at prices affordable to future “missing middle-income” households. The Headwaters Community Housing Trust will also work closely with the Homeowner’s Association for the Bridger View Redevelopment, to ensure the homes are well cared for and that homeowner households involved in the community land trust have access to resources and services they may want or need, providing the opportunity for success for (often) first-time homeowners. I also am a supportive neighbor of the Bridger View Redevelopment project. I have lived nearby in the Bridger Creek Subdivision Community Association (BCSCA) on Boylan Road since 2001, and served on the BCSCA Board for a number of years. I am excited about the Bridger View Redevelopment being a deliberately planned, mixed-income community. Of the 62 owner- occupied homes to be built, 31 homes will be mixed throughout the neighborhood and made affordable to “missing middle-income” households (as described above) who earn too much to qualify for federal and state assistance programs but still cannot afford to purchase and own a home of their own in Bozeman. The other 31 homes will be sold to other households at market- rate prices. I believe that we will all benefit by a new housing development like this in Bozeman and that this development in particular will showcase several new tools useful to housing affordability which may be applied elsewhere. Therefore, I strongly encourage your approval of the Bridger View Redevelopment PUD. Sincerely, Karin Jennings 1075 Boylan Road, Bozeman, MT 59715 406-600-6563 c