Ground was finally broken last week on the new Century Cottages apartment complex located at 2724 Hawken Street in Bismarck.
The event officially marks the start of construction on the new facility which will feature 35 one- and two-bedroom apartments for seniors and those who need assistance to live independently.
Lewis & Clark Development Group and Mountain Plains Equity Group of Billings, Montana are spearheading the $8.5 million project.
Last fall, the North Dakota Housing Finance Agency (NDHFA) awarded the project $788,000 through the Low Income Housing Tax Credit (LIHTC) and made additional commitments of $300,000 from the Housing Trust Fund (HTF) and $400,000 through the state’s Housing Investment Fund (HIF). The investments were part of the agency’s annual awards to projects addressing North Dakota’s greatest housing needs.
“Century Cottages will help to meet the Bismarck-Mandan area’s ongoing need for affordable senior housing,” says LCD Group Executive Director Brent Ekstrom, who notes the need will only increase in the coming years as more senior citizens relocate from rural areas and as Baby Boomers age and downsize.
Don Sterhan, President of Mountain Plains Equity Group, says Century Cottages is designed to provide a unique setting for residents. “It will be more of a community with an amenities package that promotes interaction and social activities amongst the residents. Our objective is to provide a quality place to live at a price residents can afford.”
In addition to remarks by Ekstrom and Sterhan, the July 23 groundbreaking featured statements from Bismarck Mayor Steven Bakken, North Dakota Housing Finance Agency Interim Executive Director Dave Flohr, and representatives on behalf of the state’s congressional delegation: Sen. John Hoeven’s Regional Director Sean Cleary, Sen. Kevin Cramer’s Southwest Regional Director Rick Collin, and Rep. Kelly Armstrong’s Western North Dakota Field Director Darrell Nitschke.
The facility is expected to open by the middle of next year.