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Billings council approves $1.545 million in HOME/CDBG gap financing for 101-unit LB Lofts
Summary
The Billings City Council voted to provide $1.545 million in HOME and CDBG funding to Homeward/Homefront for the LB Lofts affordable housing project, a 101-unit development in the Billings Heights. Council member Gulick recused; the measure passed among participating members.
The Billings City Council on Oct. 13 approved $1,545,000 in city HOME and CDBG assistance to support LB Lofts, a 101-unit affordable rental development proposed for the Billings Heights.
Jordan Langton, a city housing staffer, said the project — to be developed by Homeward and owned and managed by Homefront — will include 101 two-bedroom, two-bath units with six home-assisted units and a targeted income mix: 38% serving households at…
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