NeighborWorks Montana strives to provide quality housing through a variety of means, including shared equity ownership. We empower residents of multifamily homes to join together in purchasing their building, ensuring stability and affordability for years to come.
Developer: Gibbon Avenue Cooperative
Number of homes: 20
Dollars invested: $2.9 million
Total project size: $3.3 million
Project Type: Preservation
In December 2025, the Wagon Wheel Apartments—an 18-unit apartment complex in West Yellowstone—officially became resident-owned and entered a new chapter as the Gibbon Avenue Apartments. This milestone marks the first resident owned property of its kind in West Yellowstone and represents a powerful step toward long-term housing stability for the approximately 25 residents who call the community home.
Number of homes: 14
NWMT investment: $525,000
Total Project Size: $1,545,000
Project Type: Preservation
Including a blend of manufactured homes, single-family residences, and duplexes, River Rocks became a shared equity model of ownership in September 2023. This community of 14 homes offers a diverse array of housing opportunties that will remain affordable in the Missoula area.
Number of homes: 8
NWMT investment: $582,000
Total Project Size: $991,000
Project Type: Preservation
Wolf Avenue, an 8-unit property in Missoula’s Northside neighborhood became resident owned in May 2023. This project was two years in the making and charted the course for a new ownership model in Montana – conversion of existing apartments into shared equity ownership.
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