Missoula Housing Authority
MHA is currently in the pre-development stage of a new 200-unit apartment complex known as Villagio. This $36.5 million project will be funded with 4% housing tax credits, a tax-exempt bond, City of Missoula HOME funds, City of Missoula Tax Increment Financing (TIF) funds, and a State HOME grant. Located on Missoula’s Northside, the two-, three- and four-bedroom units will be priced so they are affordable to people making at or below 60% of Area Median Income (AMI). The project will include 24 units with project-based vouchers attached. Check back for more information as Villagio develops!
Update 11/01/2019: The Villagio Apartments Project is currently in Value Engineering Phase. This means that the Contractor and the Owners are working with the Architect to trim some money out of the project to fit the budget. The team is hoping that this process can take place over the next several months, while still allowing for a Spring 2020 Groundbreaking. MHA feels very fortunate to keep this project moving forward in a very competitive and expensive construction market.
Update 02/17/2021: We have received the bids for the Villagio Project and they have come in favorable. We will be proceeding with the permitting phase of the project in the hopes of breaking ground in the Spring. This would put Villagio on track for a Spring/Summer opening in 2022.
The Trinity Project is currently out for bid. Despite all-time high costs for lumber and building materials, the Team is confident that Trinity will also fall within our initial price estimates. Bids are due next week and we will immediately begin the permitting and mobilization process to start construction on Trinity this Spring.
Get Email Updates
Sign up to receive our newsletter and be the first to know about Missoula housing information.