New affordable housing impacts lives in Rapid City
The Radiant is not just any affordable housing property. When you walk into the building, you encounter a vibrant community filled with folks who are building their futures and forming connections with one another. Through potlucks, birthday celebrations, game nights, and resident council meetings, people are coming together to support each other through life’s ups and downs.
In August 2023, the doors of The Radiant opened and families entered their new homes. The Radiant offers 42 one-, two-, and three-bedroom units of housing, comprised of 30 affordable units and 12 market rate units. This is CommonBond’s first community in the state of South Dakota, and we are honored to offer more affordable housing options to Rapid City residents looking for a stable place to call home.
The building’s grand opening was the culmination of more than five years of hard work by CommonBond’s dedicated real estate team and local leaders. “It’s an exciting milestone,” says Deidre Schmidt, CommonBond President and CEO. “The Rapid City community and the organizations in the region are determined to provide housing for everyone. We’re proud to be a part of that effort.”
As Rapid City’s population grows, the need for more housing options is abundantly clear. A recent report by Elevate Rapid City and the Rapid City Strategic Housing Coalition found that Rapid City needs to add over 5,000 additional housing units by 2030. The Radiant is one step forward in meeting this need.
We are excited to be part of this region’s efforts to expand affordability to South Dakotans. This means more advocacy at the state and federal levels, with the ultimate goal of creating fair access to housing opportunities for more people.
Not only does The Radiant offer much-needed housing, but CommonBond’s Advantage Services are also offered to residents.
These individualized services are free and include helping residents access food and transportation resources, providing employment and financial coaching, offering rent support to keep residents stably housed, and more.
At CommonBond, we often talk about vibrant communities – and this is what we mean. Everyone should have access to housing and resources to help get back on their feet, and we will continue to bring both to as many Rapid City residents as possible.
Karissa, the Advantage Services Coordinator at the site, is eager to work with residents: “When you have the stability a home provides, you can really focus on building your future, and that is what our services help people do. They help residents become stable, independent, and get where they want to go in life.”
The Radiant and the thriving community within it would not have been possible without the support of critical funders and partners of the project. A special thank you to project funders including the John T. Vucurevich Foundation, the Black Hills Area Community Foundation, the South Dakota Housing Development Authority, the City of Rapid City, the National Affordable Housing Trust, and Bridgewater Bank.
And to our project partners including RCS Construction, Upper Deck Architects, Winthrop & Weinstine, Black Hills Federal Credit Union, FMG Engineering, and Mahoney – thank you!
