Business Journal - December 2014

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business F o r s o u t h w e s t m o n ta n a

journal

Coffee lovers Little Red Wagon owners share their appreciation for each cup of coffee PAGE 3

December 23, 2014

Finding a place Low availability, high prices shape city officials’ outlook of regional housing market B y k ay l e e wa l d e n Busi n e s s Jou r na l E di tor

After a 2014 Rental Housing Survey Summary released earlier this year measured rental vacancy at effectively zero and a drop in availability of affordable homes, the Bozeman Department of Community Development has began to develop changes to local housing regulations in an attempt to avoid bleak rental and affordable home ownership prospects in the coming year. Valerie Sutton, the senior planner at the Bozeman Department of Community Development, said that the city is reevaluating current homebuilding standards and plans to develop new subdivisions to fit the need for affordable housing for prospective renters and homebuyers. Rental properties and affordable homes for purchase appeal to a similar demographic, primarily of students and young adults entering the workforce and new families, who have been left without many options for renting or owning a home. housing Continued on page 12

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Business Journal - December 2014 by Bozeman Daily Chronicle - Issuu