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

dc.contributor.advisorNemon, Melissa L.
dc.contributor.authorCraig, Laura R.
dc.date.accessioned2012-07-03T15:06:38Z
dc.date.available2012-07-03T15:06:38Z
dc.date.issued2012-06-17
dc.description.abstractTwenty-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.description.bibliographicCitationCraig, L. R. (2012). Community land trust and individual development account feasibility in Great Falls, Montana. Retrieved from http://academicarchive.snhu.eduen_US
dc.description.degreeMaster of Science (M.S.)en_US
dc.description.programCommunity Economic Developmenten_US
dc.description.schoolSchool of Businessen_US
dc.digSpecsPDF/A-1ben_US
dc.format.extent1262314 bytesen_US
dc.format.mediaTypeapplication/pdfen_US
dc.identifier.urihttps://hdl.handle.net/10474/2302
dc.language.isoen_USen_US
dc.publisherSouthern New Hampshire Universityen_US
dc.relation.requiresAdobe Acrobat Readeren_US
dc.rightsAuthor retains all ownership rights. Further reproduction in violation of copyright is prohibiteden_US
dc.rightsHolderCraig, Laura R.
dc.subject.lcshSouthern New Hampshire University -- Theses (Community Economic Development)en_US
dc.subject.otherGreat Falls (MT)en_US
dc.subject.otherMontana (US)en_US
dc.subject.otheraffordable housingen_US
dc.subject.othercommunity land trusten_US
dc.subject.otherIndividual Development Accountsen_US
dc.titleCommunity land trust and individual development account feasibility in Great Falls, Montanaen_US
dc.typeThesisen_US

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