Today we submitted a petition to both the City of Bozeman and Gallatin County to establish a Housing Authority. This is the first step to building Social Housing and lowering the cost of housing in Bozeman.
With a Housing Authority, we can take an active role in increasing the supply of affordable housing. We cannot continue to look for remedies from the status quo. The reality is that when housing is tied to profits, it is more profitable for developers to maintain scarcity. Meanwhile, non-profit developers statewide fight over a small pot of LIHTC and Section 8 vouchers to serve a growing need. With a public housing authority, the city could use its tools – the same ones that build our schools and fire stations – to access bonds to start building Social Housing.
With Social Housing, we can have local control of development to meet the needs of our community in Bozeman – including deciding the cost of rent, developing in a way that meets crucial sustainability standards, and creating communities welcoming to workers, students, pets, and families. Social Housing is a sustainable model of publicly owned and publicly developed mixed-income housing that would remain permanently affordable. With our own housing authority, the city can set the rents for their own developments and the reasonably-priced rents can go back to maintaining the building, rather than being pocketed by for-profit developers.
The city cannot mandate requirements for private developers to have more low-income units, meaning that we continue to use public funds to subsidize landlords and developers to maintain their profits. The city cannot mandate that LIHTC units are kept affordable in perpetuity, meaning there is always a threat that we will lose affordable units each year. But the city CAN have local control on development if the city establishes a public housing authority and starts creating its own supply of Social Housing.
Want to learn more about the concept of Social Housing? Join our Topical Discussion on Sunday, August 20 to learn about how the model of social housing could work in Bozeman. https://www.facebook.com/events/214570914505353
Bozeman DSA 