Penrose - Bozeman, MT

New development of 60 workforce housing attainable units to meet the demands in a rapidly growing market

  • Total Project Cost: $15.2mm

  • Catalyst Equity Investment: $6.3mm

  • Impact Thesis:

    • Provide workforce housing units below 80% of AMI to serve the “missing middle” in a market that has seen the average house price climb above $849,000 as of March 2023

    • Employ sustainability best practices in design, construction and operations, including water conservation measures and high-efficiency insulating materials

    • Support Tenant financial stability through a partnership with Esusu, a leading fintech platform that reports on-time rental payments to the credit bureaus, allowing residents to use rent payments to establish and/or build credit over time

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