Good Deeds Records First Restrictions
Preserving Existing Homes for Residents
Since launching in March of 2022, seven applicants have accepted offers from Good Deeds. Two of the seven have recorded with Gallatin County; five are mid-process.

BSCHT will spend $823,425 in program funding to permanently preserve these seven homes for residents at an average cost of $84 per square foot.

Having successfully used its first round of funding, BSCHT has temporarily paused applications while it secures a second round.
After a visit to Elkhorn Ranch at the age of nine, Carolyn Cole dreamed of calling Big Sky home.

In 2018, Cole finally made the move, and one year later she opened Lone Peak Adventure & Concierge.

Like many residents, Cole initially hopped around the rental market but longed to "own a home and formally call Big Sky my home," Cole said.

With funding from Good Deeds to use as a down payment, Cole's dream just came true. Cole (image right) recorded the first Good Deeds restriction with Shannon Sears at Montana Title on September 23, 2022.

(Image is courtesy of Eric Ossorio. Funding for Good Deeds is provided by Resort Tax and YCCF.)
Big Sky Community Housing Needs
Study Updated in September 2022
The Big Sky Community Housing Needs Update, September 2022 (conducted by WSW Consulting) provides data about Big Sky's existing housing inventory, pending inventory, jobs, household incomes, home prices, housing availability, and short versus long-term rental inventory.

By 2027, the study estimates Big Sky needs an additional 700 to 900 community homes "to address the current housing shortfall and keep up with future job growth." To ensure affordability of these homes for residents, 70% need below-market pricing.
"Having a sufficient supply of housing for households making their living in the area helps to sustain local businesses, ensure quality resident and visitor services, and retain a diverse and vibrant community."
Immediate Rental Inventory Needed
RENT LOCAL. Earn Cash. Make a Difference
The first general recommendation from the Big Sky Community Housing Needs Update, September 2022 is to "increase the supply of stable rental inventory." Because the majority of the current supply depends on leases from private property owners, local tenants experience housing instability as their homes "are susceptible to being sold and/or converted to short-term rentals."

New builds like RiverView Apartments will directly increase and stabilize the current supply. However, BSCHT does not anticipate occupancy until December of 2024.

RENT LOCAL aims to bridge this gap. Funds remain in 2022 for owners who flip their vacant properties or vacation rentals into homes for locals.
Community Week 2022 Highlights
BSRAD, Chamber Increase Civic Engagement
Resort Tax and the Chamber just wrapped up Community Week, an opportunity for residents to learn about local government, volunteer opportunities, and challenges facing the community. Some of BSCHT's favorite highlights included:
To ensure the proper recording of Good Deeds restrictions with Gallatin or Madison County, BSCHT enlisted the expertise of Montana Title.

Montana Title provides title and escrow services for residential, agricultural, and commercial real estate transactions in Gallatin, Madison, and Park County. In addition to recording Good Deeds transactions, Montana Title also assisted all MeadowView owners through their closings.

Explore Big Sky
"Big Sky housing: Challenge to fill 'the missing middle'"

“'Our community is missing middle price, our employers are missing middle management, our community is missing its middle leadership,' O’Connor explained. 'It’s a nationwide phenomenon, and it’s affecting Big Sky just as much.'

The housing trust is focused on providing an entry point and a path of upward mobility to keep locals living and working in Big Sky. Powder Light is currently being constructed to accommodate seasonal employment. The next phase in building that path is to target low-income renters from the full-time workforce. That’s why RiverView—the newest workforce housing endeavor––matters to Big Sky’s future."
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