River Run Apartments and affordable housing - KFBB.com News, Sports and Weather

River Run Apartments and affordable housing

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After spending over 5 Million dollars  and taking five years , the push to turn the former vista village apartments into remodeled affordable housing has been completed. 

As the Electric City grows there is more housing needed. Part of the focus is to attract young professionals and more families to the city. Part of the pitch is affordable housing. However what is low income rent and how is is determined. 

"The rent that you pay is limited to 30% of your income.  So if one person makes $1,000 a month they pay $300 a month if another person makes $2,000 they pay $600 a month," said Tyson O'Connell, Project Manager for WishRock.   

At River Run Apartment there is additional rent but it is paid for by HUD through the Housing Assistance payment contract.
The project is part of 27 low income apartment complexes in Great Falls but the need for these types of homes goes far beyond the Electric City. 

"No matter where you go in Montana, they will say housing is a challenge everywhere and it's not only housing but it's affordable housing,"said Montana Lt. Governor Mike Cooney.

Affordable housing means different things to different people. Sheila Rice is the with the Montana Housing Coalition and explains just how hard it can be for people to live comfortably throughout the state.

"To afford the average 2 bedroom home in Montana a minimum wage worker needs 1.8 full time jobs," said Rice.  

Not only are places like these important for peace of mind but they're also important for community growth.
 
"The affordable part of this housing is going to be around for about 40 years so that's the real benefit,"said Montana Lt. Governor Mike Cooney.

There are over 400 other low income apartments that don't have rental assistance like river run does,  but are still considered to be "affordable housing."
 

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