Development Firm Plans 26 New South Side Apartments
Community Leadership & Development, Inc. (CLDI) plans to build 26 new apartments on the South Side of Billing to improve the opportunities for affordable housing Called Tapestry Apartments the project has advanced due to contributions from the Gianforte Family Foundation, which is purchasing the Galles Filter & Exhaust building at 2920 1st Ave. South. The project, known as Tapestry Apartments, is a quality, affordable housing initiative that will add 26 new apartments on the South Side of Billings.
The lot behind Galles is slated as the site for Tapestry and design plans are in progress. Galles Filter & Exhaust will continue to remain open at its current location until a new location is secured.
CLDI is partnering with the Mountain Plains Equity Group in application to the Montana Board of Housing (MBOH) for federal low-income housing tax credits to help finance and build the Tapestry project. This tax credit application is due in August, and the MBOH will announce tax-credit recipients in October. If successful in receiving an award, CLDI plans to start construction of Tapestry in the spring of 2022.
Eric Basye, Executive Director for CLDI, said, “More than ever, there is an increasing need to provide quality housing opportunities for low-income individuals and families. For 40+ years, CLDI has invested holistically in the South Side of Billings. We believe that housing is essential for the well-being of every person. With the completion of Tapestry, CLDI will expand our ability to provide excellent housing to nearly 100 individuals and families on the South Side. We are thankful for the support of the community, allowing us the opportunity to serve, befriend, and re-neighbor the South Side community.”
Purchase of Galles is part of a multi-year effort to transform the 29th block on the South Side. The Galles building is located next door to Rail//Line Coffee, a community coffee shop owned and operated by CLDI. CLDI also owns the lot directly behind Rail//Line and is scheduled to break ground on a senior living complex this August.