The Flathead Valley Community College Board of Trustees approved $9 million in financing for the first on-campus student housing facility.
The board voted Sept. 12 to seek a $9 million loan to build the new facility, which is under construction and expected to be completed next summer. The college is getting the 30-year loan at a 4 percent interest rate, and president Jane Karas says the school may not need to borrow the entire amount as the project is estimated to cost $7.7 million.
Earlier this summer, Swank Enterprises broke ground on the facility on the northwest corner of the college’s property along U.S. 93 in Kalispell. CTA Architects Engineers designed the preliminary renderings of the housing complex.
FVCC’s first on-campus housing complex will feature 124 beds, including 50 double units and 24 singles, along with kitchen units. There will also be a common areas and laundry facilities.
The college plans to rent the rooms to students for the fall 2017 semester.