We build partnerships to strengthen our community

The outcome is homes that more local residents can afford

What we do

Developers can build housing. Local governments can incentivize housing. And businesses can invest in housing. Today, these three sectors have embraced that there is urgent need for homes that community members can afford. But they all face an unprecedented housing market and are unaccustomed to working together in such an environment. Headwaters exists to help them navigate how to raise capital for below-market homes, sell homes to community members, and assure that, once built, the homes will forever remain priced at levels locals can pay.

Bozeman residents are struggling with ballooning home prices. This includes dedicated community members who maintain Bozeman’s popular parks and trails, own and operate businesses, plow our streets, teach our kids, and keep us healthy. Our city must expand opportunities for these vital workers to find homes that they can afford to buy. Headwaters is helping government, businesses, and developers come together to finance and build the needed housing.

To have an entity that can hold and manage land in perpetuity so that we can address affordability well into the future is absolutely needed. We, as a city, are not property managers. We are not builders. And so, it meets that need. I believe that more and more projects will be looking to Headwaters Community Housing Trust to be part of their solution for below-market housing.

Terry Cunningham

Bozeman Deputy Mayor
Bozeman Deputy Mayor Terry Cunningham
Bozeman Deputy Mayor Terry Cunningham

To have an entity that can hold and manage land in perpetuity so that we can address affordability well into the future is absolutely needed. We, as a city, are not property managers. We are not builders. And so, it meets that need. I believe that more and more projects will be looking to Headwaters Community Housing Trust to be part of their solution for below-market housing.

Terry Cunningham

Bozeman Deputy Mayor

A new neighborhood reflects the beginning of fruitful collaboration

Board Member Tracy Menuez

Bridger View is adding 31 permanently affordable homes that Bozeman didn’t have before. While that starts at 31 households, that’s affordability in perpetuity. So that is hundreds of households over time.

Tracy Menuez

Headwaters Board Member

The Bridger View neighborhood

Adjacent to Story Mill Community Park, Headwaters is bringing to completion a vision for a new neighborhood where half the homes will be sold now and forever at below-market prices that more locals can afford.

Other organizations in the community are working vigorously on other important layers of Bozeman’s housing affordability challenge. Headwaters is focusing on a key missing piece: the opportunity for middle-income residents to purchase homes. Young professionals, families getting started, and long-term residents say homeownership they can afford is crucial to their ability to invest in the community and remain. Headwaters is providing these choices to strengthen the core of Bozeman, the people who make our community thrive.

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Support your community

Housing affordability is at a critical juncture. It is a community-wide problem that requires community-wide participation. By supporting the Headwaters Community Housing Trust today, you can be part of the solution.