Stand for Property Rights – SB 146
The Case for Supporting the Private Property Protection Act
Montana is facing a severe housing affordability crisis, underscoring the urgent need for free-market housing reforms like SB 146. Recent analyses reveal that Montana has become the least affordable housing market in the United States, surpassing states traditionally known for high housing costs.
Staggering Statistics Highlighting Montana's Housing Challenges:
Skyrocketing Home Prices: Since the spring of 2020, average home prices in Montana have nearly doubled, with the typical home value reaching $446,000 by June 2022.
Income-Price Disparity: Montana has the largest gap between average home prices and average income in the nation, making homeownership increasingly unattainable for many residents.
Renters in Distress: Approximately 21% of Montana renters are severely cost-burdened, spending more than half of their monthly income on rent.
The Case for SB 146:
By supporting SB 146, we can address these pressing issues through:
Enhancing Property Rights: The bill ensures that property owners have greater freedom to develop their land, thereby increasing housing supply and alleviating market pressures.
Reducing Regulatory Barriers: By limiting local zoning and property-use restrictions to those necessary for public health and safety, SB 146 removes obstacles that hinder housing development.
Promoting Economic Growth: Facilitating more housing and infrastructure projects can stimulate the economy, create jobs, and attract new residents and businesses to Montana.
Montana's housing affordability crisis demands immediate and decisive action. Supporting SB 146 aligns with the principles of free-market reform and offers a viable path toward making housing more accessible and affordable for all Montanans.