PIERRE, (KCCR) — Pierre’s efforts to expand workforce housing is growing, by roughly 115 units. The Pierre City Commission approved a memorandum of understanding with the Stencil Group for a multifamily housing complex in the shadow of city hall…
Nate Stencil with the Stencil Group L-L-C says the upper deck area will include grilling space for outdoor cooking. He says Pierre is no different than a lot of cities in South Dakota looking at housing opportunities…
Stencil says they expect units to run from 900 to 15-hundred dollars a month for rent…
Toby Morris with Colliers Securities says the M-O-U lays out a Tax Increment Financing District for the project…
Stencil hopes to begin construction yet this year and construction could take 12 to 14 months to complete.
