Missoula County Implements Workforce Housing Policy to Tackle Affordability Crisis
Missoula County has adopted a new workforce housing policy aimed at addressing the longstanding housing affordability crisis in the area. The policy allows the use of tax-increment financing (TIF) for infrastructure improvements related to housing developments. This initiative is part of a broader effort to increase the supply of affordable housing for middle-income families, including teachers and local workers who have been priced out of the market. The policy is aligned with a 50-year development plan for the Wye area, which aims to tackle the housing shortage comprehensively. The Missoula Organization of Realtors reports that the average rent in the city is nearly $1,400 a month, while the median household income is approximately $76,000, highlighting the affordability gap.