Montana Board of Housing Minutes December 2025
$40M Bond Approved for Kamaka's Beck Apartments in Bozeman
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Description
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.
Contract Details
Contract Amount
Not to exceed $40,000,000
Vendor
KAMAKA AFFORDABLE HOUSING LLC
Agency
Montana Department of Commerce, Board of Housing, MT
Contract Type
CONSTRUCTION
Document Date
December 8, 2025
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 Info
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.
More from KAMAKA AFFORDABLE HOUSING LLC
Related Contracts
Issuing Agency
Montana Department of Commerce, Board of Housing
State Housing Authority
Helena, MT
More from Montana Department of Commerce, Board of Housing
montana_board_of_housing_bond_resolution_25_1208_m.pdf
montana_board_of_housing_bond_resolution_25_1208_m.pdf
Montana Board of Housing Minutes December 2025
montana_board_of_housing_board_meeting_agenda_nove.pdf
montana_board_of_housing_board_meeting_agenda_nove.pdf
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