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Mac Development previews two affordable‑housing projects in Kalispell
Summary
Mac Development presented plans for two projects: acquisition‑rehab of The Elms (330 3rd Ave W) to preserve 41 project‑based voucher units with 4% tax credits, and a new 24‑unit family rental at 40 Appleway Drive awarded 9% tax credits and aimed at 50–60% AMI.
Mac Development representatives presented two affordable‑housing projects to the Kalispell Planning Commission during the meeting.
Grant Schnell of Mac Development said the firm is pursuing an acquisition and rehabilitation of The Elms at 330 3rd Avenue West, an existing senior rental property with 41 project‑based vouchers. Schnell told the commission the project received 4 percent tax credits and is targeting a September closing; as part of the financing the property will be property‑tax exempt and Mac Development said it intends to maintain the property's affordability at about 60 percent of area median income.
Schnell also described a separate Mac Development project at 40 Appleway Drive: a 24‑unit family rental community that was awarded 9 percent tax credits last year and is expected to start construction in the weeks ahead. He said units will target roughly 50–60 percent of AMI and that the project will likewise be property‑tax exempt.
The presentations were made as informational public hearings with no commission action required; there were no public comments on either Mac Development item during the hearing.
Both projects were presented as part of the commission's public hearing docket to notify neighbors and allow public input when projects affect property tax status or require land‑use review in subsequent permitting stages.
