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Proposal to transfer $15M from general fund to workforce housing loan pool described as revolving loan mechanism
Summary
The treasurer and Idaho Housing and Finance Association described a proposed $15 million general‑fund transfer to the workforce housing fund that would be disbursed as loans to provide gap financing; agency representatives said prior federal funds had been structured as loans that revolve back into the program.
BOISE — The State Treasurer’s Office and Idaho Housing and Finance Association (IHFA) described to the Joint Finance‑Appropriations Committee a proposal to transfer $15 million from the general fund to the workforce housing fund to support workforce housing development through gap financing.
Christopher Lahoset, Legislative Services Office analyst, told the committee the governor recommends a $15 million transfer from the general fund to the…
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