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Diamond Realtors is committed to assisting people find affordable housing in Billings and has been deeply involved with the King’s Green Affordable Housing Project.
According to the Billings Housing Needs Assessment prepared by the MSU-B Center for Applied Economic Research, “Overall, affordability of both for-sale and for-rent housing was the top issue raised by the mail survey respondents and the community members interviewed. This issue is two-fold: the availability of affordable housing, and the cost of housing relative to incomes in Billings. Low income residents were cited as the group of people in the community with the greatest unmet housing need.
The condition of Billings’ housing stock was also a major concern. Both owner and renter households have significant deferred maintenance that they cannot afford to pay for. It also appears that there is a general lack of knowledge among residents of available assistance to make these needed repairs.
While total households in Billings are projected to rise modestly, at an average rate of 1% per year from 2006 to 2010, elderly and disabled households are forecasted to rise at a much higher rate, at an average rate of 3% per year. These households will continue to present a unique challenge related to Billings’ available housing resources.
City of Billings Housing Needs Assessment
Affordable Housing Information:
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