Posted: Jul 10, 2012 2:14 PM by Tara Oster - MTN News
Updated: Jul 11, 2012 10:33 AM
MISSOULA- A new, unique housing development in Missoula is changing the definition of the phrase "affordable housing."
The Silvertip apartment complex, at 1311 East Broadway Avenue, boasts 115 apartments, not all specifically for those with low-income. The Missoula Housing Authority says anyone with zero to $70,000 in annual income can live in the complex.
The four-year, $13 million project was made possible by a grant from the U.S. Department of Housing and Urban Development Neighborhood Stabilization Program. Missoula Mayor John Engen, contractors and project organizers celebrated the opening today with a ribbon cutting ceremony.
"It takes so much work and so many different sources of funding to put an affordable housing project together," said Lori Davidson, MHA executive director. "This is just the best illustration I can think of, of what can happen when you have both private money and public money and they can come together to provide affordable housing."
The units will be ready for folks to move into at the end of July. Anyone interested in renting at the Silvertip should call the Missoula Housing Authority at 406-549-4113.