MPEG manages the entire development process, from financing & land aquisition through design, planning & construction.
is dedicated to the development of affordable housing units. By providing equity investment capital and other key resources to project developers, MPEG is working to enhance the quality of life and to promote sustainable growth in our communities.
Courtyard Apartments, in Kalispell Montana, is a 32-unit affordable housing complex that underwent a $4.8 million update to the property.
The newly rehabilitated property held its grand opening on May 1, 2019. Montana Lt. Governor Mike Cooney and state Commerce Director Tara Rice were in Kalispell for the ceremony, along with other local dignitaries.
The project created at least 64 local jobs and $2.8 million of earned wages, as calculated by the Montana Department of Commerce. Community Action Partnership of Northwest Montana and Rural Community Assistance Corporation, collaborated with Mountain Plains Equity Group to put the $4.8 million deal together with Federal housing tax credits from the Montana Board of Housing. Glacier Bank is the Investor Limited Partner and lender on this worthwhile project. Serving as the project’s tax credit syndicator, MPEG arranged financing and will provide ongoing asset management services.