Building Homes,
Creating Communities

Your Trusted Partner for Affordable Housing Development

CR Builders guides you from concept to completion.

Dedicated to the Development of Affordable Housing Units

Elevating communities through excellence, CR Builders focuses on providing safe, comfortable, and affordable housing. Leading the way with over 20 years of experience, our mission is to develop affordable communities using the Low-Income Housing Tax Credit (LIHTC). Tapping into diverse financing sources, we make accessible housing a reality.

This 56-unit affordable senior housing project is located at 3001 15th Avenue So. on the campus of Benefis Health System in Great Falls, MT.

Building Thousands of Affordable Units Across the States

CR Builders has an established record of strategically using diverse financing sources, from conventional debt and equity to private activity bonds, low-income housing tax credits (LIHTC), HOME Funds, National Housing Trust Fund (HTF) dollars, CDBG funds, and financing products from HUD and USDA Rural Development.

Working alongside our partners, we have brought to realization 25 pioneering housing developments, representing 1,079 units and an investment of nearly $250 million in total development costs as we maintain a commitment to redefining living spaces and shaping communities that endure.

Our Reach

Construction company map of the western United States.

Our Work

Apartment complex with parking lot and solar panels under clear blue sky.

Hawk’s Point Residences

Cheyenne, WY

This newly built senior housing community is located at 3300 Sparks Road in Cheyenne, WY. This 56-unit affordable property is dedicated to serving the community’s senior resident population. Designed to foster social interaction amongst the residents, this popular community opened in October of 2021 and leased up in less than 90 days.

Sponsor: Wyoming Housing Network and CR Builders, LLC
Architect: Springer Group Architects, Bozeman, MT
Contractor: Greystone Construction, Shakopee, MN
Total Development Cost: $11.5 million

Sponsor: Wyoming Housing Network and CR Builders, LLC
Architect: Springer Group Architects, Bozeman, MT
Contractor: Greystone Construction, Shakopee, MN
Total Development Cost: $11.5 million

Cascade Ridge Senior Living

Great Falls, MT

This 56-unit affordable senior housing project is located at 3001 15th Avenue So. on the campus of Benefis Health System in Great Falls, MT.
Phase 1 opened September 2012 and Phase 2 opened in August 2016.

Sponsor: Benefis Health System, Inc. and CR Builders, LLC
Architect: Springer Group Architects, Bozeman, MT
Contractor: Sletten Construction, Great Falls, MT
Total Development Cost: $8.76 million

Sponsor: Benefis Health System, Inc. and CR Builders, LLC
Architect: Springer Group Architects, Bozeman, MT
Contractor: Sletten Construction, Great Falls, MT
Total Development Cost: $8.76 million

Modern house with illuminated swimming pool and outdoor lounge area at dusk.

Marina Cay Estates

Bigfork, MT

Located at 600 Grand Drive, Bigfork, MT, this 22-unit luxury condominium complex was designed and built as an expansion of the full-service Marina Cay Resort property on the shores of Flathead Lake. This unique development offers both ownership and rental options either on the waterfront or at poolside. Opened in 2007.

Sponsor: Marina Cay Estates, LLC with principals of CR Builders
Architect: CTA Architects, Billings, MT
Contractor: Martel Construction, Bigfork, MT
Total Development Cost: $12.14 million

Sponsor: Marina Cay Estates, LLC with principals of CR Builders
Architect: CTA Architects, Billings, MT
Contractor: Martel Construction, Bigfork, MT
Total Development Cost: $12.14 million

Contemporary multi-story apartment complex with landscaped entryway and water features, showcasing q.

Prairie Ridge Residences

Fargo, ND

Prairie Ridge Residences is an affordable senior housing community located at 3361 Westrac Drive So., Fargo, ND. The project consists of 120 units dedicated to qualifying seniors aged 55 and older. The project is co-sponsored by CommunityWorks North Dakota (CWND) and CR Builders, LLC and opened in the fall of 2024.

Sponsor: CommunityWorks ND and CR Builders, LLC
Architect: Goldmark Design and Development, Fargo, ND
Contractor: Dietrich Construction, Fargo, ND
Total Development Cost: $28.7 million

Sponsor: CommunityWorks ND and CR Builders, LLC
Architect: Goldmark Design and Development, Fargo, ND
Contractor: Dietrich Construction, Fargo, ND
Total Development Cost: $28.7 million

Unified Campus building with retail storefronts and office spaces.

MRM Unified Campus

Billings, MT

MRM Unified Campus is a new 158-bed homeless shelter and affordable housing campus located in downtown Billings. The campus will also house 29 apartments that will be dedicated to qualifying individuals. The campus will also have amenity and service space that will be instrumental in breaking the cycle of homelessness and opened in May of 2025.

Sponsor: Montana Rescue Mission and CR Builders, LLC
Architect: Schutz Foss Architects, Billings, MT
Contractor: TW Clark + Ridley, Billings, MT
Total Development Cost: $21.8 million

Sponsor: Montana Rescue Mission and CR Builders, LLC
Architect: Schutz Foss Architects, Billings, MT
Contractor: TW Clark + Ridley, Billings, MT
Total Development Cost: $21.8 million

Apartment complex with white siding and brick accents, featuring multiple windows and air conditioni.

Garden Hills Senior

Jamestown, ND

A 2-story L-shaped building that offers 37 affordable apartments to senior citizens. Located at the corner of 12th Avenue NE and 5th Street NE in Jamestown, ND, this property is designed to provide a more social and interactive environment, featuring a TV lounge, fitness center, card room and spacious community room with coffee bar and full kitchen. Opened in July of 2007.

Sponsor: Hometown Living, LLC and CR Builders, LLC
Architect: R.H. Rogers & Associates, Fargo, ND
Contractor: Goldmark Development Corp., Bismarck, ND
Total Development Cost: $3.7 million

Sponsor: Hometown Living, LLC and CR Builders, LLC
Architect: R.H. Rogers & Associates, Fargo, ND
Contractor: Goldmark Development Corp., Bismarck, ND
Total Development Cost: $3.7 million

Explore All Projects

We work with those who construct quality housing where tenants can be proud of where they call home.

Working Alongside Strategic Partners

CR Builders is grateful to have partnered with organizations committed to making a difference in their communities. We work with those who construct quality housing where tenants can be proud of where they call home.

Competition for LIHTCs is fierce – one mistake, omission, or missed deadline can stall a project. CR Builders takes away that stress to ensure projects move from conception to funding, to planning, to completion, and ultimately to occupancy.

Meet our team

Expert Guidance through Tax Credit Bureaucracy

Every year the 'U.S. Department of the Treasury' allocates millions of dollars in Low-Income Housing Tax Credits (LIHTC) to each state. Applying for and receiving an allocation of credits can be long, difficult, and competitive. CR Builders has a team that not only works alongside their partners to acquire these credits, but also puts them to use building quality, dignified, and affordable housing for those who need it most.

Building Homes,
Creating Communities

Dedicated to the Development of Affordable Housing Units

Building Thousands of Affordable Units Across the States