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Treasurer, IHFA discuss $15M workforce housing transfer; loans intended to be recycled to future projects
Summary
The State Treasurer and the Idaho Housing and Finance Association told JFAC a recommended $15 million general‑fund transfer to the Workforce Housing Fund would be distributed as long‑term loans to developers and expected to return to the fund for future projects. Officials said prior federal‑sourced awards produced 15 projects (about 1,100 units)
At a Joint Finance‑Appropriations Committee hearing, the state treasurer and the Idaho Housing and Finance Association (IHFA) discussed a governor‑recommended $15 million transfer from the general fund to the Idaho Workforce Housing Fund, outlining that prior appropriations were distributed as loans and that repayments are expected to return to a revolving loan pool.
Why it matters: Committee members asked whether the recommended $15 million transfer would operate like the previous $50 million allocation (initially passed as federal…
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