Montana Department of Commerce, Board of Housing Awards Construction Contract to Kamaka Affordable Housing Llc (December 2025)

The Montana Board of Housing unanimously approved Bond Resolution No. 25-1208-MF10, authorizing up to $40 million in tax-exempt bonds for Kamaka Affordable Housing, LLC to finance construction of The Beck Apartments in Bozeman. The development will add 149 units of family housing targeting 60% AMI residents, scheduled between October 2025 and May 2027.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $40,000,000

Contract type

CONSTRUCTION

Contract term

Construction scheduled to begin October 2025 and finish May 2027. Bond term not to exceed 40 years; obligation matures no later than 40 years from issuance.

Renewal date

2067-05-31

Renewal

Bonds/loan term not to exceed 40 years. Regulatory agreement runs with land for at least the loan duration, typically 30 years or more. No explicit renewal terms listed for bond.

Document type

Minutes

Source document

Montana Board of Housing Minutes December 2025

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montana_board_of_housing_bond_resolution_25_1208_m.pdf

APPROVED

Montana Department of Commerce, Board of Housing, MontanaNot to exceed $40,000,000Dec 8, 2025

utah-housing-corporation-special-board-meeting-minutes-june-12-2025_654.pdf

REJECTED

Housing Authority of Utah county, Utah$2,061,270 (Federal tax credits requested)Jun 12, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Montana Department of Commerce, Board of Housing?

Kamaka Affordable Housing Llc was awarded this construction contract by Montana Department of Commerce, Board of Housing, as recorded on December 8, 2025. The contract value is Not to exceed $40,000,000.

How much is the Kamaka Affordable Housing Llc contract with Montana Department of Commerce, Board of Housing worth?

The Kamaka Affordable Housing Llc contract with Montana Department of Commerce, Board of Housing is valued at Not to exceed $40,000,000, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Montana Board of Housing Minutes December 2025 (Minutes), dated December 8, 2025 from Montana Department of Commerce, Board of Housing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Kamaka Affordable Housing Llc hold?

Kamaka Affordable Housing Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Kamaka Affordable Housing Llc's profile

What is Montana Department of Commerce, Board of Housing currently buying?

Explore Montana Department of Commerce, Board of Housing's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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