In August 2019 HRDC, acquired the Boulevard Apartments preserving a vital resource for our community with 41 subsidized apartments in downtown Bozeman. Using a blend of Low Income Housing Tax Credits, Historic Tax Credits, and permanent debt HRDC aims to for rehabilitation of the building after the 2020 LIHTC application period. Many tenants of the Boulevard Apartments have been longterm renters as well as customers of HRDC including many aging residents and residents on fixed incomes that would have a considerable challenge finding similarly priced or located rentals in today’s market.
Total Project Cost
Preservation and rehab