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HomeMy WebLinkAbout04-17-23 Public Comment - N. Turner - Housing Affordability Nathan Turner % Mrs. Warn Gallatin High School 4455 Annie St. Bozeman, MT 59718 Apr 3, 2023 Bozeman City Commission 121 N. Rouse Ave Bozeman, MT 59718 Dear Bozeman City Commission, My name is Nathan Turner. I have lived in Montana my entire life and have seen the speed at which the city of Bozeman has been growing. I am writing to express my concern about the ongoing housing problem in Bozeman, Montana, and the construction labor shortage. The demand for housing in Bozeman has been on the rise, causing home prices and rents to skyrocket, making it difficult for families to find affordable housing. The construction industry is also in a very big labor shortage making it difficult to keep up with the demand for housing. According to The Bozeman Real Estate Group, "Between years 2010-2018, Bozeman's population grew 4 times faster than the population of the entire state of Montana, increasing by an estimated 30%." However, the supply of housing has not kept pace with the growing demand, leading to a shortage of affordable housing units. In addition, the construction labor shortage is making it harder to build new housing units, making the housing problem worse, In order to bring in more workers we need more housing units. To address this issue, I would like to suggest that the Bozeman City Commission takes a wide approach that includes increasing the supply of affordable housing units for construction companies. I understand that the commission is already putting work into this problem. I am here to express my concern and possibly suggest some ways to help. Cheaper housing for construction workers will result in an urge to become a construction worker, making the process of building new housing quicker. This can be done by providing incentives to developers who build affordable housing units, such as tax breaks or subsidies. Obviously, this plan will not happen right away, but over time, housing affordability will fall back down making Bozeman a more affordable city to live in. Sincerely, Nathan Turner