I have been told that Hill Condominium was developed as housing specifically for “low to moderate” income households in Big Sky. I s this true?
No. Low to moderate income housing is commonly defined as “Section 8” housing because it allows low to moderate income families to rent property at less than the fair market value with the difference paid by the taxpayer. The key word here is “rent”. Low to moderate income housing (i;e., Section 8) is typically not sold, but rented to provide low to moderate income families with more affordable rental prices. There are other government programs that are designed to allow low to moderate income families to purchase homes.
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