Pioneer Meadows is a new construction property completed in 2021 that includes 28 one, two and three bedroom homes in four two-story buildings, plus a stand-alone clubhouse on 2.5 acres of land. Apartment amenities include range, refrigerator, garbage disposal, dishwasher, microwave, in-unit washers and dryers, central air conditioning, patios and balconies, window blinds, ceiling fans and additional storage space. Two units are ADA accessible with 1 of the 2 also designed for the hearing impaired. All other units are designed to be adaptable. There is also a stand-alone clubhouse with a management office, community room with kitchenette and computer room, as well as a playground on-site.
The property is adjacent to a Safeway and close in proximity to other local stores, businesses, and restaurants, including convenience stores, a car wash and gas station, post office, multiple banks, a movie theater, public park, YMCA, pharmacies, and an elementary, middle and high school.
Rents at the property are from 15 percent to 50 percent below market rate properties in the area. Other subsidized properties in the market area are all 100 percent occupied, illustrating the significant demand for the affordable units at Pioneer Meadows and the urgent need for more affordable housing in Montana.
This property was financed in part with the 9 percent Low-Income Housing Tax Credit. The property was developed by The Housing Company, an independent nonprofit corporation formed by the Idaho Housing & Finance Authority, and financing for Pioneer Meadows was facilitated by R4 Capital LLC.