Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Treasurer outlines workforce‑housing pass‑through; IHFA says loans will revolve to fund future projects
Summary
The State Treasurer and Idaho Housing and Finance Association told the Joint Finance‑Appropriations Committee the governor’s proposed $15 million general‑fund transfer to the workforce housing fund would be passed through to IHFA as gap financing loans; IHFA said prior $50 million in funding was issued as loans that will revolve as repaid.
Christopher Lahoset, the Legislative Services Office analyst, presented the State Treasurer’s budget overview and called attention to the abandoned property trust fund and other consolidated funds. He told the committee that statute (quoted in the presentation as Article 14, section 5801) requires money in the abandoned property trust fund in excess of $500,000 be transferred to the general fund.
Lahoset reminded members that the legislature previously authorized a $50,000,000 one‑time supplemental to the State Treasurer in 2022 to pass through to the Idaho Housing and Finance…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
