New Affordable Housing Development Proposed on Bozeman’s South Side

What Is the Rocky Mountain Flats Affordable Housing Project in Bozeman?

Summary: A new affordable housing development called Rocky Mountain Flats has been proposed on Bozeman’s south side. The project is proposed to include 296 residential units across three buildings and would be located on a 10-acre parcel between Fowler Lane and South 31st Avenue. The developer plans to use Low-Income Housing Tax Credits (LIHTC) and city housing incentives to support affordability.

Where Is the Rocky Mountain Flats Development Proposed?

The proposed site is a 10-acre parcel on the south side of Bozeman, located between Fowler Lane and South 31st Avenue, just west of the Meadow Creek subdivision. This area is rapidly developing, with multiple residential projects underway or under review.

Nearby developments include:

• Homestead at Buffalo Run (adjacent)

• Gran Cielo Phase II (under review)

• Meadow Bridge subdivision (in final review)

What Does the Project Include?

The proposed site plan for Rocky Mountain Flats includes:

• 296 total residential units

• Two 4-story buildings with 111 units each

• One 5-story building with 74 units

• Construction supported by LIHTC and Bozeman’s Affordable Housing Ordinance incentives

What Are LIHTC and Affordable Housing Incentives?

Low-Income Housing Tax Credits (LIHTC) are federal tax credits that encourage the development of affordable rental housing. In Bozeman, projects that include income-restricted units can also take advantage of development code relaxations—such as increased building height or reduced parking minimums—through the city’s Affordable Housing Ordinance.

📬 Want More Local Development Updates?

Bozeman’s south side continues to be one of the city’s fastest-growing corridors for residential development. For ongoing updates about housing projects, real estate trends, and what’s next in Bozeman:

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