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Community land trust and individual development account feasibility in Great Falls, Montana

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dc.contributor.advisor Nemon, Melissa L. Craig, Laura R. 2012-07-03T15:06:38Z 2012-07-03T15:06:38Z 2012-06-17
dc.description.abstract Twenty-one percent of the population living in Great Falls, Montana, spend approximately 35-50% of their monthly income on housing (rent/mortgage), leaving them struggling to afford minimal necessities (food and utilities) and unable to save for anything else. Rising housing costs associated with the price of land, financing costs (to include down payment), materials, and construction perpetuate and cause an affordability problem for low-income households to purchase permanent housing assets. Great Falls has several organizations that are providing affordable housing options for the community, but these efforts are not enough to keep up with current demand. Alternative affordable housing options must be offered in Great Falls, to include a Community Land Trust (CLT), and an Individual Development Account (IDA) match savings program. The CLT and IDA programs would best address the community’s needs in a collaborative effort with various community entities. A coalition should be formed around the programs to generate support, enthusiasm, and resources to enable sustainable, desired change in the community. Without the CLT and IDA program in the community, an increased number of residents living in an asset poverty situation would occur. An inability to pass assets among generations would happen, thus perpetuating the cycle of poverty and subsidized housing dependence. (Author Abstract) en_US
dc.format.extent 1262314 bytes en_US
dc.language.iso en_US en_US
dc.publisher Southern New Hampshire University en_US
dc.relation.requires Adobe Acrobat Reader en_US
dc.rights Author retains all ownership rights. Further reproduction in violation of copyright is prohibited en_US
dc.subject.lcsh Southern New Hampshire University -- Theses (Community Economic Development) en_US
dc.subject.other Great Falls (MT) en_US
dc.subject.other Montana (US) en_US
dc.subject.other affordable housing en_US
dc.subject.other community land trust en_US
dc.subject.other Individual Development Accounts en_US
dc.title Community land trust and individual development account feasibility in Great Falls, Montana en_US
dc.type Thesis en_US
dc.description.bibliographicCitation Craig, L. R. (2012). Community land trust and individual development account feasibility in Great Falls, Montana. Retrieved from en_US Master of Science (M.S.) en_US
dc.description.program Community Economic Development en_US School of Business en_US
dc.digSpecs PDF/A-1b en_US
dc.format.mediaType application/pdf en_US
dc.rightsHolder Craig, Laura R.

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