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 $440K. In Park County, the cost rises to $715k. In Gardiner, the average home costs $990K, 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.
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.