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Treasurer backs $15 million general‑fund transfer for workforce housing loans; prior $50M round administered as loans
Summary
The State Treasurer’s office and Idaho Housing and Finance Association described a proposed $15 million general‑fund transfer to a workforce housing revolving loan program; IHFA confirmed the earlier $50 million pass‑through was issued as loans intended to revolve back into future projects.
The Idaho state treasurer and the Idaho Housing and Finance Association told the Joint Finance‑Appropriations Committee on Oct. 24 that the governor recommends a $15 million transfer from the General Fund to the Idaho Workforce Housing Fund to provide gap financing for workforce housing developments.
Christopher Lahoset, the Legislative Services Office analyst for the hearing, said the treasurer’s materials show a governor‑recommended $15 million transfer and appropriation authorization to provide long‑term loans as gap financing. Brady Ellis of the…
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