Helena senior housing project given OK to apply for tax credit

INDEPENDENT RECORD

A Helena project is among eight affordable rental properties invited by the Montana Board of Housing to submit federal Housing Tax Credit applications to build or rehabilitate affordable homes.

The board chose the properties after listening to presentations May 16-17 from housing developers and the public. The board requires developers to submit a Letter of Intent and be invited to proceed with an application for Housing Tax Credits, which are the nation’s largest source of funding to develop affordable homes.

The properties chosen to submit an application are:

Valley View Village seeks $6.5 million of housing tax credits to build 31 new affordable homes for seniors in Helena. Housing Solutions is listed as the developer. Apsaalooke Nation Housing Authority Scattered Site Homes is requesting $6,435,000 of housing tax credits to rehabilitate 37 single family homes for families in Big Horn County.Cabinet Affordable Housing is requesting $6.5 million of housing tax credits to construct 24 new affordable family duplexes in Libby.Carter Commons is requesting $6.4 million of housing tax credits to build 25 new affordable homes for seniors in Great Falls.Creekside Apartments is requesting $5,750,000 of housing tax credits to preserve 40 affordable homes for families in Missoula.Meadowlark Apartments project is requesting $6.5

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