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Treasurer, IHFA explain prior workforce housing loans as proposed $15M GF pass‑through
Summary
The State Treasurer and Idaho Housing and Finance Association described a proposed $15 million general‑fund transfer to the workforce housing fund and said prior $50 million passed through to IHFA were issued as loans intended to revolve back for future projects.
The State Treasurer’s Office and Idaho Housing and Finance Association (IHFA) representatives told the Joint Finance‑Appropriations Committee that previously appropriated workforce housing dollars were issued as loans and that a governor’s recommendation to transfer $15 million from the general fund would be passed through to IHFA to provide gap financing for new projects.
Christopher Lahoset, the Legislative Services Office analyst presenting the treasurer’s budget, summarized the…
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