A developer hopes to get state housing tax credits and build a complex with 36 apartments for lower-income senior citizens in an open field near the intersection of Paxson and Hemon streets in Butte.
Paxson Place would have 21 one-bedroom apartments and 15 two-bedroom units and the developer, Housing Solutions LLC of Missoula, says it would commit to keep rents below market levels for up to 40 years in return for the tax credits. The location is a block west of Harrison and Elizabeth Warren avenues on the Flat.
As part of its application for the tax credits, representatives with Housing Solutions plan a presentation before Butte-Silver Bow commissioners at 7:30 p.m. Wednesday at the courthouse, 155 W. Granite St., and will take public comments on the proposal.
“Paxson Place is designed with convenience, community and safety for today’s active senior citizens, all at an affordable price,” a flyer for the proposal says. “Our age 55 and older residents will ﬁnd that shopping, dining, entertainment, recreation and other amenities are easily accessible by foot, public transportation or private car.”
The one-building complex would be designed for aging seniors and include a community room, patio and manager’s office. There would be secured entrances with interior apartment access and an elevator would ensure that all units have zero-step entry.
All apartments would have air conditioning, a range/stovetop, frost-free refrigerator, a dishwasher, microwave, washer and dryer, blinds and hardwood cabinets. One-bedroom units would be 600 square feet, two-bedroom units 780 square feet.
Housing Solutions finances its properties with low-income housing credits. Each state has an agency that awards the credits to projects it deems worthy. In Montana, Montana Housing — a division of the state Department of Commerce — awards the credits.
Alex Burkhalter, the principal of Housing Solutions, said Monday that all public comments on the Butte project will be included in its application for the credits.
If it obtains them, individuals seniors with incomes from $14,010 to $28,020 could rent and two people could rent if their combined incomes were $16,020 to $32,040.
Rents for one-bedroom apartments would be $475 to $575 and two-bedrooms would be $575 to $675.
During Burkhalter’s tenure, Housing Solutions has completed 17 projects with a combined 656 apartments in Montana, Wyoming and North Dakota.