HRDC and GMD Development Launch Affordable Senior Housing Project
Friday May. 13th, 2022
BOZEMAN, MT — Adults 55 and older seeking affordable, independent-style living arrangements can now lease an apartment home at Perennial Park, a new community developed by HRDC and Seattle-based GMD Development, LLC. Located at 1683 TschacheLane, this development includes convenient, co-located supportive services from Community Health Partners including medical, dental, and mental health clinics, as well as a pharmacy. Additional amenity highlights include a schedule of social activities, paths throughout the property lined with benches and tables, community gardens, a library, and a fitness room.
The addition of 96 new units to the Bozeman market provides income-qualified seniors with a much-needed housing solution. Located at 1683 Tschache Lane and served by HRDC’s Streamline, the development provides one- and two-bedroom units with convenient, co-locate supportive services from Community Health Partners, social activities, outdoor common areas, community gardens, a library, and a fitness room. For more information regarding income qualification and the application process, interested parties can visit https://www.perennialparkmt.com/.
Perennial Park was developed with funding assistance from Low Income Housing Tax Credits provided by the Montana Board of Housing and with additional support from the City of Bozeman.
“In addition to the many on-site amenities Perennial Park offers residents easy access to the Community Health Partners clinic, and to numerous retail and services along 19th Avenue”, said Steve Dymoke, GMD Development Partner.
Heather Grenier, HRDC’s President/CEO, is pleased the leasing process is underway. “Seniors in our community have experienced diminishing affordable rental opportunities in our current market. We are grateful to GMD for sharing in our vision to create a high-quality development to serve this critical need. It’s such a relief to see these homes come online and be leased by waiting community members.”
HRDC is a private, not-for-profit Community Action Organization, Community Development Corporation, and a Certified Housing Development Organization. With experience in project and community development ranging from historic preservation to community housing trusts along a housing continuum spanning from homelessness to homeownership, HRDC has completed a total of over $120 million dollars in housing and public facilities development since the early 90's. HRDC brought the first community housing trust development to the state of Montana and has since developed and/or preserved more than 900 homes that Montanans can afford across Southwest Montana. HRDC’s development activities are supported by housing programming and property management services provided through in-house Property Management.
GMD Development is a private, mission-based developer/owner of affordable housing based in the Pacific Northwest and is committed to a proactive and solutions-oriented approach to the challenging task of creating affordable housing for families and seniors that delivers meaningful outcomes for communities and changes people’s lives. GMD Development targets higher growth markets with the significant disparity between average workforce incomes and affordability.
More information can be found at https://www.perennialparkmt.com/
Interested donors, volunteers, and community members can learn more at https://thehrdc.org/
Seniors can learn about final expense insurance at https://finalexpensedirect.com/