Havre Daily News - News you can use

More than $3 million in tax credits approved for Oakwook Village acquisition and rehabilitation

 

November 21, 2018

Havre Daily News/Ryan Berry

Kenneth Parisian looks out of the window of his apartment at Oakwood Village Tuesday in Havre. Parisian, moved last week from Rocky Boy's Indian Reservation to the housing complex. Gov. Steve Bullock announced Tuesday that a project to purchase and renovate Oakwood was one of five in the state approved for federal tax credits, with Affiliated Developers Inc. approved for more than $3.6 million to use in the project.

Gov. Steve Bullock announced Tuesday that Oakwood Village in Havre will be one of five projects in Montana receiving Federal Tax Credits to develop affordable housing.

"This is a win-win for Montana," Bullock said in a press release. "Montana families thrive when they have a safe and affordable place to call home, and our economy continues to grow when we are able to house a productive workforce, while creating hundreds of construction jobs in local communities throughout the state."

The press release said Affiliated Developers Inc. will receive $3,881,250 in tax credits for acquisition...



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