WASHINGTON, D.C. – August 14, 2009 – (RealEstateRama) — Montana’s Congressman, Denny Rehberg today announced $200,000 for The Rocky Mountain Development Council (RMDC) to address a significant shortage of quality, affordable housing in Helena, MT. The funding was included in the House Transportation and Housing and Urban Development Subcommittee bill for Fiscal Year 2010.
“The American dream of home ownership faces serious challenges in today’s economy,” said Rehberg, a member of the House Appropriations Committee. “A recent UM report on the cost of housing in Montana confirms the critical need for more affordable units, and the Caird Iron Works projects will bring much needed housing relief for low-income people in the Helena area.”
The Caird Iron Works Redevelopment is a proposed multi-phase effort of RMDC, Inc. The project will reclaim property known as the Caird site, the home of an old iron foundry, and redevelop the 2.4 acre Brownfield tract of land. This project will eliminate the environmental contaminants on the site, and redevelop the parcel to provide 60 affordable housing units located with access to schools, work, and transportation facilities.
“We are very grateful for Congressman Rehberg’s help in securing this funding,” said Rocky Mountain Development Council Executive Director Gene Leuwer. “These funds are critical to our next affordable housing project in Helena.”
“RMDC and the community are still working through how best to redevelop the old Caird Iron Works property,” said Jeff Miller, RMDC Community Development Director. “These funds will be an essential component of the acquisition and construction dollars necessary to deliver another quality affordable housing project. Congressman Rehberg understands the importance of affordable housing to our community and has assisted us a great deal with our previous housing projects including the recently completed Eagles Manor III project”.