Chapel Court Apartments at St Johns United
In November of 2018, St. Johns United was awarded $8,022,000 in low-income housing tax credits (LIHTC) from the Montana Board of Housing to construct a new affordable housing project on its Billings campus, located at 3940 Rimrock Road. Known as Chapel Court Apartments, this new community will create 56 new affordable apartments to help broaden the scope of services provided to senior residents at St. John’s. In addition to the LIHTC allocation, critical funding was also provided through the Housing Trust Fund (HTF) administered by the Montana Department of Commerce. First Interstate Bank has assumed a very active role in the development of this project, serving as both the tax credit equity partner, as well as the construction loan lender. Although the design is a bit more complex than most, construction of the project is well underway. The finished building will actually be the result of limited building demolition, rehab of 8 units, all coupled with the new construction of 48 apartments in a 4-story tower. Relocation of current residents on the campus was completed in early 2019 and construction activities began in September of 2019. This new community is designed by A&E Architects and Yellowstone Basin Construction is the general contractor. Expected completion date of the project is September of 2020.