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

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.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $40,000,000

Contract type

CONSTRUCTION

Contract term

Matures no later than 40 years from issuance; Construction estimated October 2025 – May 2027

Renewal date

2065-12-08

Renewal

Non-recourse limited obligation up to 40 years; no stated renewal; bond terms per Funding Loan Agreement; subject to prepayment and standard regulatory requirements.

Document type

Resolution

Source document

montana_board_of_housing_bond_resolution_25_1208_m.pdf

Related contracts

Other contracts from Kamaka Affordable Housing Llc.

View all →

Montana Board of Housing Minutes December 2025

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 resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in montana_board_of_housing_bond_resolution_25_1208_m.pdf (Resolution), 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.

View Montana Department of Commerce, Board of Housing's profile