Arrowleaf Park &

Perennial Park
At the corner of Sacco Drive & Tschache Lane
Bozeman, Montana

February 2020
 GMD Development is partnering with
HRDC, a Bozeman based non-profit, Co-
General Partner, Construction Manager,
Co-Developer.

HRDC is a 501(c)3 nonprofit Community Action Agency dedicated to

Ownership building a better community through innovation and leadership.

Structure
HRDC provides 34 programs and services in the areas of Housing, Food and
Nutrition, Child & Youth Development, Senior Empowerment, Community
Transportation, Home Heating–Energy–Safety, and Community
Development.
Arrowleaf Park Perennial Park
Homes for Families and Individuals Homes for Seniors

Funding Sources
Tax Exempt Bonds $20,000,000 Tax Exempt Bonds $11,700,000

Tax Credit Equity $12,600,000 Tax Credit Equity $9,365,000

Solar Energy Credit Equity $525,000 Solar Energy Credit Equity $397,000

City of Bozeman - City of Bozeman $500,000

CSF Loans $3,325,000 CSF Loans $3,100,000

Net Operating Income $300,000 Net Operating Income $175,000

Deferred Developer Fee $1,900,000 Deferred Developer Fee $500,000

Total $38,650,000 Total $25,737,000

Arrowleaf Park Perennial Park
Homes for Families and Individuals Homes for Seniors

Income range served at both properties:

1 Bedroom at 50% AMI 3 Bedroom at 70% AMI

$34,000 $66,000
Childcare Facility
18,000 square feet leased to Family Promise of
Gallatin Valley for an early childhood learning center
Partnership with Montana State University
Extended hours to support working families
Sliding fee scale
Inter-generational programming with MSU
Gerontology Department
Current plans to accommodate up to 96 children
Healthcare Clinic
15,000 square feet leased to Community
Health Partners for a medical, mental health,
and dental clinic
Sliding fee scale
Serving lower income families and seniors
Site Map
 Environmental
Sustainability

Solar PV Panels Solar systems to Environmentally

to be installed preheat resident sustainable
gas water heaters construction
methods and
materials
Project Timeline Construction Duration 24 months

Initial Occupancy Fully Stabilized

Summer 2022 Fall 2022

Closing LIHTC/Bond Issuance Permanent Loan Conversion

September 2020 Spring 2023