Heather Grenier, Human Resource Development Council of District

LISC 2015 SEMINAR
HRDC Development and Current Climate in Bozeman, MT
West Edge Condominiums
2009-2014
Total Project Costs: $11.4 million
Units: 83
Project Type: Acquisition of 23 units, new construction of 60 units sold to
qualifying households with subordinate financing by HRDC
Income Targets: All units were sold to households earning less than 120% Area
Median Income (AMI); ¼ of units were sold to households earning less than 50%
AMI. Average income of purchasing households was $25,000/year.
Partners: Community Development Block Grant Neighborhood Stabilization
Program, local banks and credit unions
West Edge
Condominiums,
2009-2015
Bozeman, MT
Warming Center
Total Project Costs: Monthly leasing and improvements ($20K)
Units: 46
Project Type: The HRDC Warming Center is a seasonal emergency
shelter. The shelter first opened its doors in November 2010 at the
Gallatin County Fairgrounds, in a space without running water. The
Warming Center operated at the fairgrounds for two seasons before
outgrowing the facility. In 2013, HRDC acquired a building in Bozeman’s
industrial area. The space required substantial improvements before
opening in November 2013. The new facility provides a common area,
bathroom and shower facilities, separate male and female sleeping
areas, and a separate area for families to be housed together. The
Warming Center is supported by community donations and is open
nightly from November to March.
Income Targets: No income limits, serves any community member
experiencing homelessness
Funding partners: Community members, HUD
Amos House (2012):
Total Project Costs: $75,000
Units: 16
Project Type: Supportive Housing (CoC)
Income Targets: 50% AMI
Funding partners: HUD
A longtime community member opened the Amos House in the early
2000s to serve as a shelter for homeless males, however; the
operational demands were such that the shelter was eventually closed.
HRDC acquired the property in 2011. In 2012, the 2 Bedroom house was
expanded to include an additional 2 bedrooms and a studio apartment
to house an on site manager, doubling the bed capacity and expanding
services to females. Amos House provides men and women in need of
housing and supportive services the opportunity to achieve selfsufficiency and long-term success.
Sherwood Apartments (2006)
Total Project Costs: $837,000
Units: 49
Project Type: Private Acquisition/Preservation
Income Targets: 50% AMI
Funding partners: HUD – Section 8
The HRDC purchased the Sherwood Apartments in 2000 from a
private owner who was considering moving the subsidized project to
a market rate development. The purchase by HRDC preserved 49
units of housing for elderly households in Livingston, MT.
Sherwood Inn
Apartments
Livingston, MT
Summit Apartments (2006):
Total Project Costs: $523,785
Units: 8
Project Type: Acquisition/Preservation
Income Targets: 50% AMI
Funding partners: HUD
The Summit Apartments, located in Livingston, MT, were a
bankrupt, HUD-owned property when HRDC began to manage the
property. In 2006, HRDC completed the purchase of the property,
preserving 7 units of subsidized housing to mentally-ill households.
The project’s subsidy allows households to pay only 30% of their
income toward their housing.
Summit Place
Apartments
Livingston, MT
Habitat River Rock Homes (2005):
Units: 14 Single Family Homes
Project Type: Land Acquisition and Development
Income Targets: 50% AMI
Funding partners: HOME; Habitat for Humanity
The HRDC was approached by Habitat for Humanity of Gallatin
Valley to assist with their development of affordable homes for
ownership. As a Community Housing Development
Organization (CHDO), HRDC sponsored a grant to the HOME
program to facilitate the purchase of 14 lots in the River Rock
subdivision, which were provided to Habitat for building. This
partnership resulted in the construction of 14 homes
affordable to households earning less than 50% of the Area
median income.
Bridger Peaks (2004):
Units: 60
Project Type: Low Income Housing Tax Credit for Elderly
households
Income Targets: less than 60% AMI
Partners: Montana Board of Housing; Sparrow Development
The HRDC partnered with Sparrow Development Group to provide 60 units
affordable to elderly households via the Low Income Housing tax Credit
Program. Located near transit and commercial opportunities, the property
has a community room, walking path, raised garden beds and other
amenities.
Miles Building
Total Project Costs: 1,288,572
Units: 40: 5 studios, 34 one-bedrooms, 1 manager unit
Project Type: Subsidized rental, elderly or disabled household status
Income Targets: less than 50% AMI, all units have HUD Housing Assistance
Program (HAP) subsidy to ensure households pay no more than 30% income
toward rent
Funding partners: Community Development Block Grant (CDBG), HOME, and
Low Income Housing Tax Credits (LIHTC), Rural Local Initiatives Support
Corporation (LISC)
The Miles Building is listed in the National Register of Historic Places as a
contributing property to the Livingston Historic Commercial District/Livingston
Multiple Resource. This building was originally constructed in 1900 as the Miles
Co. Harness Department and in 1910 an expansion housed the dry goods and
general department store. In 1982 the building’s use changed from offices on
the second and third floors to apartments. Seven commercial spaces remain on
the ground level.
Miles Building,
Inc.
Livingston, MT
Carriage House Transitional Duplex (2000):
Total Project Costs: 120,000
Units: 2
Project Type: New construction
Income Targets: 50% AMI
Funding partners: Affordable Housing Loan Program;
HUD-Continuum of Care
As part of the acquisition and rehabilitation of HRDC’s downtown
office space, the Carriage House of the building was renovated to
provide 2 units of transitional housing. Carriage House tenants are
provided with supportive services and rental subsidies that allow
them to achieve self-sufficiency
Colorado
Apartments
(1996)
Belgrade, MT
8 Units
Elderly, Disabled
Rural Development
West Babcock Land Trust (1995):
Montana’s
First Land
Trust
Bozeman, MT
Units: 20 single family homes
Project Type: New construction
Income Targets: 80% AMI
Funding partners: HOME, CDBG
The West Babcock Land Trust was the second phase of the West
Babcock development. Conceived over 20 years ago, the project
brought Montana its first land trust – a relatively new concept that
was gaining traction on the East Coast. HRDC took the initiative to
construct 20 homes affordable to low and moderate income
households. The trust model survives today, where it is embraced by
communities all over the country as a reliable method to provide
affordable housing.
Montana’s
First Land
Trust
Bozeman, MT
West Babcock Apartments (1992):
West Babcock
Apartments
Bozeman, MT
Units: 24
Project Type: New Construction
Income Targets: 60% AMI
Funding partners: HOME, CDBG
The West Babcock Apartments were the first phase of the HRDC’s
West Babcock Development, which eventually included Montana’s
first land trust (see above) and a Head Start Center. The 24 units are
designed for low-income families, with a mix of 2 and 3-bedroom
units, proximity to parks, and the Head Start Center.
West Babcock
Apartments
Bozeman, MT
Koch and Arrow wood homes (1991):
HUD
Foreclosed
Properties
Total Project Costs:
Units: 2 condominium units
Project Type: Acquisition/Preservation
Income Targets:
Funding partners: Private funding
Bozeman, MT
The Koch and Arrow wood homes were acquired from HUD in
1991. The units are used to provide affordable rental housing to
families.
Castle
Mountain
Apartments
White Sulphur
Springs, MT
Current
Climate for
Development
Downtown Housing: The Cornerstone of Urban Renewal
Downtown Bozeman
100+ acres and 3 million square feet of building stock
Home to 250+ businesses with 3000 employees
National Register Historic District including 49 buildings individually listed
Over 60 years of organizational support: Downtown Bozeman Association, Business
Improvement District, Urban Renewal/TIF District.
Downtown Improvement Plan
BUILD HOUSING
Build hundreds of units of housing
Create housing choices
A variety of styles and price-points
Downtown Improvement Plan
“There is potential in the Bozeman downtown market for
approximately 500 additional residential units.”
“This recommendation is the cornerstone of the plan. The very future of
downtown is dependent upon the successful development of housing.”
Downtown Improvement Plan
Approximately 200 of these would be condominium units and the remaining 300 would be
apartments.
Due to the still emerging nature of Bozeman’s downtown residential market…
the condo projects will tend to be smaller—approximately 30 or 40 units.
while the apartment projects will tend to be larger due to the economies of scale required—
ranging between 80 and 150 units each.
Housing can provide a new use for many
underutilized downtown properties
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Increase the customer base for existing
businesses and provide the spending power to
attract new businesses and cultural activities
•
Add more people downtown at all times of the
day, increasing safety, and providing an expanded
base of support for future improvements,
events, and activities
Downtown Improvement Plan
CREATING DISTINCT DISTRICTS
1 Historic Downtown Core (Retail/Office)
2 West Gateway (Office/Mixed Use)
3 North Village/Mendenhall District (Residential Emphasis)
4 East Gateway (Office/ Mixed Use)
5 South Village/Babcock District (Commercial/Mixed Use)
Provides partial reimbursement for residential-related impact
fees for the creation of new downtown residential units.
A minimum investment of $250,000 directly to the creation of at least four
residential units is required to receive grant funds.
Residential
Incentive
Program
The grant amount will be for 50% of the residential impact fees incurred
not to exceed $25,000 per project.
Village Downtown
Residential
Developments
The 2007 high-density residential development
Currently includes 84 Loft units
24 Villa and Home units
Future expansion may include an additional
84 Loft units
50 Villa and Home units
Block M
18 units
Open floor plans
Integrated 2-car garages
Residential
Developments
Options for rooftop decks,
home offices and
garden level apartments
Willson Residences
18 units
Underground parking
Adaptive reuse of 1902 original High School
Residential
Developments
Residential
Developments
5 West
5-story mixed use building
30 units (on top two floors)
Including studios, 1 bedroom and 2 bedroom
units
Underground structured parking
Mendenhall Apartments
12 units on 2 lots
stacked floor plans
integrated two-car garages
Mid-block infill
Residential
Developments
Lamme Apartments
41 units 8 of which will be “affordable” at 80% AMI
Mix of one bedroom and 2 bedroom units
Units range from 500 to 1600 SF
Residential
Developments
Attracting a downtown hotel is a key
objective of 2010 Downtown
Improvement Plan and a City Commission
goal since 2011.
Downtown Hotel
Development
Three Downtown Hotel projects:
Lark Hotel (completed)
Element by Westin (opening in
August)
Etha Hotel (fully permitted)
Other Urban
Renewal
CREATE A NETWORK OF OPEN SPACES
Green the streets
Transform alleys
Create greenways and trails
Add plazas and courtyards
Open up Bozeman Creek
TAME THE TRAFFIC
Complete side street enhancements
Connect Babcock to library site
Transform Mendenhall and Babcock
Other Urban
Renewal
PLACEMAKING
Emphasize local and unique
Façade improvements
Signage preservation and enhancement
Other Urban
Renewal
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