Teacher Housing Initiative
North Yellowstone Education Foundation has a solution!
Gardiner is in the midst of a housing crisis. Affordable housing was identified as the #1 concern for residents through the 2019 Successful Gardiner Campaign, and this is backed by statistics—the average price of a home in the state of Montana is $293K. In Park County, the cost rises to $350k. In Gardiner, the average home costs $1.1 million, if one can be found for sale at all.
This situation has impacted the Gardiner Public School's ability to hire and retain teachers, who have a starting salary around $35,777. NYEF is working to alleviate this problem through our Teacher Housing Initiative.
In 2020, NYEF purchased a property, a historic building built in 1908 that was once owned by Earl Hall and most recently used as a bed and breakfast, in Gardiner. Thanks to support from the Gardiner Area Resort District and very generous donors, we completed $300k in renovations and are now able to provide subsidized housing for three Gardiner School teachers.
Check out KBZK's news report on our housing project.
Thank you for your support!
Our three phased approach
2020 - 2023
1908 Bed and Breakfast purchased and remodel into 3 apartments for teachers
3 occupied apartments
Finalizing mortgage payoff of 85K
2023 - 2024
Identify 2-3 apartments or houses in Gardiner were owners are willing to work with NYEF and a local teacher to provide housing. NYEF would assist by providing a rent subsidy for the unit.
2024 - 2027
Identify another property for purchase in Gardiner to be used for teachers.