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Large scale affordable housing complex comes to Bozeman - KBZK.com | Continuous News | Bozeman, Montana

Large scale affordable housing complex comes to Bozeman

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BOZEMAN - A ribbon cutting was ceremony was held Wednesday for the grand opening of the Larkspur Commons, an affordable housing apartment complex. 

The 136 unit complex is located across from Kenyon Noble on Oak St. Representatives from both state and local government were present at the ceremony, as they worked together to make this complex happen. 

"It's that first base need, a place for people to put their head at night," said Governor Steve Bullock. 

"We're creating a project as sustainable as we can create," said Mayor Carson Taylor who was also at the event. 

It's no secret that affordable housing is hard to come by in the city of Bozeman.

So, Homeward, a Missoula based developer, worked with the Montana Department of Commerce Housing Credits to build brand new apartments for locals earning less than 60% of the area median income, which for a single person is just over $29,000.

"The reality is Bozeman is one of the most expensive housing markets in the state of Montana and when you have a place that you can afford your local workforce has the ability to live and work in the community that they live," said Executive Director of Homeward Andrea Davis. 

Opening a housing market to a workforce is essential to the economics of a city.

"If you're really going to have a robust community you have to have affordable housing. Someone noted that this is the largest apartment complex built in the last 15 years," said Bullock. 

The complex assesses tenants by income and places them in a financial situation where they can afford their bills and start saving, but the developers also wanted them to be homes that people can be proud of.

"It's much better than a lot of the other products that exist," said Greg Dunfield, the President of GMD Development. 

Governor Bullock realizes that the availability of affordable housing is a need around the state, but is looking at ways to create more.

"The need is still there and we all have to be working to find the next big project to partner with the private sector to make sure that it happens."

All 136 units have already been filled, but Homeward and GMD Development are looking at starting more similar projects in Bozeman.

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