BOZEMAN, MT — HRDC and Seattle-based GMD Development, LLC are hosting a ribbon cutting ceremony at 2:00 pm on Wednesday, June 8th, for Perennial Park and Arrowleaf Park, their jointly-developed affordable home communities near 19th Avenue and Tschache Lane. A portion of the project — 96 units — is dedicated to affordable, independent-stye living for adults 55 and older, while the remainder of the below-market priced community was designed for residents of any age. Total apartment homes and townhomes in this combined development exceed 200 units.

City and County dignitaries, along with members of Bozeman Chamber of Commerce’s Green Coat Ambassadors, will be in attendance to help celebrate the addition of these rental properties to the area’s housing stock.

Adults 55 and older seeking affordable, independent style living arrangements can now lease an apartment home at Perennial Park. Amenity highlights in this community include a schedule of social activities, paths throughout the property lined with benches and tables, community gardens, library, and a fitness room.

Arrowleaf Park offers comfort and convenience, balanced with affordable rent, for those seeking housing in the Bozeman area. New residents will be able to enjoy the perks of brand-new apartments including full and complete kitchens with stainless steel appliances, wood-style vinyl plank flooring and plush carpets, washers and dryers in-unit and large energy efficient windows. Each apartment home includes a private balcony, and the townhouse-style homes include a front patio and a fenced backyard.

Located at 1619 Tschache Lane and served by HRDC’s Streamline, the development provides one-, two- and three-bedroom units with convenient, co-located supportive services from Community Health Partners, including medical, dental, and mental health clinics, and a 96-student early childhood education center from Family Promise.

Perennial Park and Arrowleaf Park were 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 and Arrowleaf Park offer residents easy access to numerous retail outlets and other convenient services along 19th Avenue,” said Steve Dymoke, GMD Development Partner.

Heather Grenier, HRDC’s President/CEO, is pleased the leasing process is underway. “Residents 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 that spans 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.

Interested parties can visit https://www.perennialparkmt.com/ or https://www.arrowleafpark.com/for more information regarding income qualification and the application process.

 

Donors, volunteers, and community members can learn more at https://thehrdc.org/