montana_board_of_housing_bond_resolution_25_1208_m.pdf
$40 Million Bond for Beck Apartments Approved
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Description
The Montana Board of Housing approved a bond resolution to provide up to $40 million in financing to Kamaka Affordable Housing, LLC for the new construction of The Beck Apartments in Bozeman, MT. The project includes 149 affordable family units targeting households at 60% AMI and will be financed with tax-exempt bonds and 4% tax credits.
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
Matures no later than 40 years from issuance; Construction estimated October 2025 – May 2027
Renewal Date
2065-12-08
Renewal Info
Non-recourse limited obligation up to 40 years; no stated renewal; bond terms per Funding Loan Agreement; subject to prepayment and standard regulatory requirements.
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 Minutes December 2025
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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