KALISPELL - Affordable housing is an issue in nearly every community across the Treasure State, but the Montana Board of Housing says its especially pressing here in Northwest Montana.
That's why the Courtyard Apartments in Kalispell were chosen by the Montana Board of Housing to receive a $4.5 million housing credit for a 32-unit acquisition rehabilitation project for families.
The housing credit offers an opportunity to expand affordable housing to those who qualify as homeless or low-income.
The total project investment of $4.9 million will result in 58 Montana jobs earning $2.4 million in wages.
Kalispell isn't the only community to receive a housing credit. The board awarded more than $27 million in federal housing credits to various organizations around the state to help finance new construction and rehabilitation projects for affordable housing throughout Montana.
The Executive Director of the Montana Board of Housing, Bruce Brensdal, says that although they had 18 communities apply for a credit, they could only award five.
"The Courtyard Apartments, which was the project that received these credits, is a very key piece of housing stock in your community," Brensdal said. "It was a project built many years ago that needed upgrades and the board recognized it was time to fund this project, and get it going, and remain affordable for many years to come."
Billings, Butte, Lewistown and Livingston also received housing credits this year.