Village V Apartments
Project Basics:
- Location: Livingston, Big Timber, Hysham and Forsyth, Montana
- Number of units: 96 (72 elderly, 24 family)
- Year completed: 1995
- Cost of construction: $1,608,829
- Total development cost: $3,505,065
- Projects sold in 2013
Major challenges:
- Five complexes spread over 200 miles
- Significant water damage from leaking roofs, ceilings collapsed from damage
- Debt on three projects exceeded appraised value
Renovations:
- Installed new roof trusses, sheathing and steel roofs in several damaged buildings
- Made sites fully accessible to the disabled
- Replaced vinyl flooring, carpet, siding and countertops
- Improved energy efficiency by insulating attics and replacing all windows
- Repaired or replaced sagging and cracked sheetrock
- Repaired or replaced sagging entry stoops
- Installed new playgrounds at family projects
