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