Rockcress Commons is another great project that NeighborWorks Montana has the privilege of being a part of through our Real Estate Development lending program! We provided pre-development funding to NeighborWorks Great Falls and GMD Development. We also provided a loan, in equal partnership with NeighborWorks Capital, for the purchase of the land which will remain until the completion of the project.
The Rockcress apartment complex will offer Great Falls much-needed quality housing that is affordable. This will be a 124-unit apartment complex located near Benefis and Great Falls College MSU. Units will be 1, 2 and 3 bedroom, with rents ranging from $554 – $954.
Stay tuned for more news about this project as it develops!