Commerce Department to Help Preserve Affordable Housing in Culbertson and Wolf Point, Montana

The Montana Department of Commerce recently awarded $840,000 of federal funding to assist with the acquisition and rehabilitation of Roosevelt Villas, two affordable apartment buildings located in Culbertson and Wolf Point.

The rehabilitation of the apartments will add needed safety, structural, and efficiency improvements to the apartments and will guarantee at least 30 years of continued affordable rent for households earning below 60 percent of the area median income.

"Having a safe and affordable place for hard working Montanans and their families is important to the economic vitality of Montana, from our larger towns to our smallest communities," Montana Department of Commerce Director Pam Haxby-Cote said. "This rehabilitation will keep housing affordable for workers in these communities for many years to come."

http://commerce.mt.gov/News/PressReleases/commerce-to-help-preserve-affordable-housing-in-culbertson-and-wolf-point