Tapestry Ribbon Cutting Celebration
CLDI celebrated the near completion of the Tapestry Apartment project with a ribbon-cutting event despite the challenging weather. A great turnout indicates strong community support and engagement. It’s important to acknowledge and express gratitude to our partners, donors, and community members who contributed to the success of the project. Events like these not only mark milestones but also strengthen bonds within the community.
The Tapestry Apartment project in Billings’ South Side is a significant addition to the community, providing 27 affordable apartments with a mix of 1- and 2-bedroom units as well as studios. The project aims to address the pressing need for affordable housing in the area. These apartments, with funding from the MBOH tax-credit program, will serve working families who may struggle to find suitable accommodation within their budget.
Key features of the Tapestry apartments include near floor-to-ceiling windows, individual kitchen and laundry areas in each unit, and two fully ADA-accessible 2-bedroom apartments, ensuring accessibility for all residents. This project emphasizes the importance of housing that is affordable for the well-being of individuals, families, and the community, specifically those whose income falls between 40-60% AMI (Average Median Income). This design provides residents with dignity, value, and worth, while its proximity to downtown, local jobs, and city amenities adds to its appeal.
CLDI’s investment in the South Side, including previous projects like the Hannah House recovery home for women, Youth Works, and the Gathering Place special events venue, underscores the organization’s commitment to the community. The addition of Tapestry expands CLDI’s efforts to provide affordable housing and support economic stability for working families in the area.
The project received significant funding from the Gianforte Family Foundation, as well as support from other major donors such as the M.J. Murdock Charitable Trust, Otto Bremer Charitable Trust, Mary Alice Fortin Foundation, Treacy Foundation, and several other local partners. Our community partner, First Interstate Bank not only purchased the tax credit but also contributed to Tapestry via their Foundation.
According to CR Builders CEO Don Sterhan, “This project is the result of many resources coming together for the common good of this community. The low-income housing tax credits awarded by the Montana Board of Housing was a huge factor in getting the ball rolling. From there, it was the shared vision and the collaboration of so many stakeholders that made the difference.”
Overall, Tapestry represents a collaborative effort among various stakeholders to address the affordable housing crisis in Billings’ South Side while providing a valuable resource for the community. More information about CLDI and opportunities to support their Workforce Housing Initiative can be found on their website or by contacting them directly.