Good Deeds

Preserving existing homes for Big Sky residents

Good Deeds Application

Please review the three details below, as well as the DEED RESTRICTION, before applying.

WORK

One occupant must work an average of 30 hours per week for a business located in Big Sky.

INCOME

Occupants meeting the work requirement must also earn 75% of their income in Big Sky.

OCCUPANCY

A tenant or owner may meet the work requirements. Short-term rentals are prohibited.

Name(Required)

First Last

Email(Required)

Phone(Required)

Mailing Address(Required)

Street Address City State / Province / Region ZIP / Postal Code Country

Upload a state or federal government–issued ID.(Required)

Acceptable forms include a driver’s license, passport, or military ID.

Max. file size: 100 MB.

Big Sky property address you want to restrict?(Required)

All properties for Good Deeds must exist within the Big Sky Resort Area District.

Street Address

What is the current value of the property you want to deed restrict? If this is a purchase, what is the contract price? If you own the home, estimate its value.)(Required)

All Good Deeds transactions require an independent property valuation, at applicant’s expense, prior to the final agreement. For purchase transactions, buyers may use the appraisal required for the title closing. For in-place offers, owners can use any appraisal less than six months old. Current property owners may apply for Good Deeds without an appraisal, but BSCHT will require one prior to making a final offer.

Please enter a number from 1 to 2500000.

If you have an appraisal for the property that is less than six months old, please upload the appraisal.

Current property owners may apply for Good Deeds without an appraisal, but BSCHT will require one prior to making a final offer. It is assumed buyers will use the appraisal required by their primary lender.

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Max. file size: 100 MB.

What price are you offering BSCHT for the sale of a Good Deeds restriction?(Required)

BSCHT purchases deed restrictions for up to 20% of the property’s appraised value. The current cap for one deed restriction is $200,000.

Please enter a number from 1 to 200000.

How many occupants will live in the home?(Required)

Property Type(Required)

Number of bedrooms(Required)

Please enter a number from 1 to 5.

Number of bathrooms(Required)

Please enter a number from 1 to 5.

Is this a purchase or do you already own the property?(Required)

If this is a purchase, are you under contract?(Required)

If you are purchasing a property, what is your closing date?

If this is a purchase, how much money do you have for a down payment?(Required)

If you already own your property, answer $0.

If this is a purchase, are you a preapproved buyer?(Required)

Before entering into a Purchase and Sale Agreement with Big Sky Community Housing Trust, all prospective buyers must obtain preapproval from a lender who agrees to the terms of the Good Deeds restriction.

If this is a purchase, please upload your preapproval letter from your lender.

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Max. file size: 100 MB.

If this is a purchase and you are already under contract, please upload your executed buy-sell agreement.

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Max. file size: 100 MB.

If this is NOT a purchase, please upload your property's warranty deed.

BSCHT will not consider Good Deeds applications on an owner's existing property without proof of ownership. You can download a copy of your warranty deed from the Gallatin or Madison County Clerk-Recorder's office.

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Max. file size: 100 MB.

If you own this property, do you have a mortgage?(Required)

If you own this property and have a mortgage, please upload your property's deed of trust.

If your property has an existing mortgage, you must first share the deed restriction with your lender and obtain their approval before participating in the program.

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Max. file size: 100 MB.

If you own this property and have a mortgage, please upload proof that your payments are up to date.

Accepted forms of proof include a recent mortgage statement or payment receipt.

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Max. file size: 100 MB.

If you own this property, are there any liens on it besides the mortgage? If yes, please explain. If you do not own the property yet, please type BUYER.(Required)

Examples include tax liens, mechanic's liens, or judgments.

If you own this property, are you current on your property taxes? If not, please explain. If you do not own the property yet, please type BUYER.(Required)

BSCHT requires program participants to be current on their property taxes and ensures the property is free of all liens, except for the mortgage.

If you own this property, are you current on your HOA payments? If not, please explain. If you do not own the property yet, please type BUYER.(Required)

Which HOA presides over this property?(Required)

Please describe any new or pending HOA assessments.(Required)

Will you occupy the property or rent it?(Required)

Short-term rentals are not allowed on any portion of the property including spare bedrooms or accessory dwelling units. As per the deed restriction, "Owners shall not rent the Property to any person or persons for a term shorter than 30 days."

Please upload the last three years of tax returns and W-2s for the occupant who will meet the deed restriction's annual work requirement. The occupant meeting the work requirement can be an owner or a tenant.(Required)

Please note the two parts of the work requirement: (1) you must work an average of 30 hours per week for a business physically located in Big Sky, and (2) you must earn at least 75% of your income from a business within the Big Sky Resort Area District. BSCHT requires tax returns to verify that one occupant can meet the 75% income requirement from Big Sky-based businesses.

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Max. file size: 100 MB.

Please explain if you are unable to upload three years of tax returns for the occupant meeting the deed restriction's work requirements.

One occupant must provide BSCHT with tax returns on an annual basis as proof that the property still meets the requirements of the deed restriction. If this occupant is a tenant, BSCHT recommends making the tax return part of your lease agreement.

Please upload three months of pay stubs (or similar) for the occupant who will meet the deed restriction's annual work requirement. The occupant meeting the work requirement can be an owner or a tenant.(Required)

BSCHT collects three months of pay stubs to verify that at least one occupant works a minimum of 30 hours per week in Big Sky. If your pay stubs do not show hours worked, please upload alternative proof. Self-employed residents working in the Big Sky community must also provide documentation to confirm they meet the 30-hour per week requirement.

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Max. file size: 100 MB.

Please state the name of the occupant who will meet the deed restriction's annual work requirements. This person can be yourself, a different owner, or a long-term tenant.(Required)

Please describe the work experience in Big Sky for the occupant who will meet the deed restrictions' annual work requirement. If it is an unknown tenant, please describe your personal work experience in Big Sky.(Required)

Is there any additional information about the property or your circumstances that you would like to provide?

Please type your name and "I agree" in the space below.(Required)

Phone

This field is for validation purposes and should be left unchanged.

Good Deeds

Good Deeds Application

WORK

INCOME

OCCUPANCY

Big Sky Community Housing Trust

Housing

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