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Treasurer and IHFA describe loan pass‑throughs as governor seeks $15 million for workforce housing fund

2212102 · January 28, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The governor proposed a $15 million general‑fund transfer to the Idaho Workforce Housing Fund; IHFA and the state treasurer told the Joint Finance‑Appropriations Committee the money would be issued as loans and repayments would return to a revolving loan pool for future projects.

The state treasurer and a representative from the Idaho Housing and Finance Association (IHFA) explained a governor‑recommended $15 million transfer to the Idaho Workforce Housing Fund and described how the fund operates as a revolving loan vehicle.

Why it matters: Committee analysts noted a prior $50 million one‑time appropriation in 2022 that was intended to be passed through the treasurer to IHFA for gap financing of workforce housing projects.…

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