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Treasurer, IHFA describe loan pass‑throughs for workforce housing; governor recommends additional $15M transfer
Summary
The state treasurer and Idaho Housing and Finance Association told the Joint Finance‑Appropriations Committee the governor proposes a $15 million general‑fund transfer to the workforce housing fund to provide revolving gap financing; prior $50 million awards were issued as loans intended to be recycled into new projects.
Christopher Lahoset, Legislative Services Office budget analyst, briefed the Joint Finance‑Appropriations Committee on the State Treasurer’s request and the governor’s recommendation for workforce housing funding.
Lahoset described that in 2022 the legislature approved a one‑time supplemental of $50 million to the treasurer for pass‑through to the Idaho Housing and Finance Association (IHFA) for workforce housing gap financing; that money was reappropriated and subsequently dispersed to IHFA.…
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