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Treasurer backs governor's $15 million transfer to workforce housing loan program

2530151 · January 28, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The State Treasurer and Idaho Housing and Finance Association described a proposed $15 million general-fund transfer to the workforce housing revolving loan program; the funding would be passed through to IHFA for gap financing of multifamily projects.

The Joint Finance-Appropriations Committee heard a request to transfer $15 million from the general fund to the Idaho Workforce Housing Fund to provide gap financing for multifamily workforce-housing projects.

Christopher Lahoset, Legislative Services Office analyst, summarized the Treasurer's presentation. The governor’s recommendation included a $15 million transfer and appropriation to support workforce housing development. The Treasurer’s office noted that a prior one-time supplemental of $50 million had been passed through to the…

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