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Treasurer supports $15M workforce-housing transfer; previous $50M round was loans, IHFA says
Summary
The State Treasurer’s office presented its FY26 budget; the governor recommends a $15 million general‑fund transfer into the workforce-housing fund as revolving loan capital. Idaho Housing and Finance Association told the committee earlier $50 million previously provided was deployed as loans that will repay into a revolving fund.
At a Joint Finance-Appropriations Committee hearing the Legislative Services Office briefed members on the State Treasurer’s budget; the governor recommended a $15 million transfer from the general fund to the workforce housing fund to support gap financing for housing development.
Why it matters: The treasurer acts as banker for state agencies and custodian for endowment and unclaimed property funds. The proposed transfer is intended to fund gap loans for workforce housing projects and to revolve as repayments are issued to support future projects.
Christopher Lahoset described the treasurer’s core duties—receiving and depositing revenues, investing surplus cash and administering unclaimed property—and drew…
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