
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 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.
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:
Gran Cielo Phase II
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
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.
The developer behind the project is BlueLine development, a development, construction, and property management company specializing in affordable multifamily housing across the Rocky Mountain West. They use financing tools including Low-Income Housing Tax Credits (LIHTC), HOME Investment Partnerships, the Housing Trust Fund (HTF), and other federal, state, and local resources to create affordable housing communities.
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: