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Treasurer briefs committee on workforce housing pass-through and unclaimed property; $15M transfer recommended
Summary
The State Treasurer and Idaho Housing and Finance Association described a governor-recommended $15 million transfer into the workforce housing fund to provide gap financing; IHFA said prior $50 million was issued as loans that will revolve as repayments return.
The Joint Finance-Appropriations Committee heard the State Treasurer’s office present its FY26 requests, including a governor recommendation to transfer $15 million from the General Fund to the Idaho Workforce Housing Fund to provide gap financing for multifamily workforce housing projects.
Christopher Lahoset, budget and policy analyst with Legislative Services Office, explained the governor’s recommendation: a $15 million transfer to the workforce housing fund accompanied by appropriation authority to provide gap financing. Lahoset noted the…
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