In the past several years, Missoula has seen remarkable growth in its economy and population. This growth and vitality, however, has brought challenges. Home prices have steadily increased in recent years, outpacing wage growth and causing many Missoulians to find it challenging to afford safe and healthy homes. From young families to retirees, more than half of Missoulians can’t afford to participate in the increasingly expensive housing market.
In response, Missoula's City Council approved "A Place to Call Home" in June of 2019. This policy proposes a fundamental shift in how housing is prioritized within the City of Missoula, as well as a commitment to long-term funding of housing initiatives. Collectively, the recommendations contained in this policy compose a thorough strategy that will support the market while ensuring long-term affordability and preservation. This strategy recognizes that neighborhoods have unique needs and that as we grow as a community we must develop thoughtfully, in a way that is sustainable and equitable, while maintaining community quality. Throughout this growth, no neighborhood should be asked to experience radical change. Consequently, no neighborhood should be exempt from change either. Altogether, this Housing Policy proposes the development or adoption of over two dozen policies and code changes. The policies and code changes are additive, presenting significant gain while limiting the risk of unintended consequences to the market. We cannot achieve these goals alone and ask for the participation of our developers, nonprofits, financial institutions, housing advocates, and community members as we strive to make Missoula a place everyone can call home.
As the City works through implementation of these policies and programs, we want to keep in touch with the community and continually get your feedback.