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Governor recommends $15 million transfer to workforce housing fund; IHFA says loans will revolve
Summary
The governor recommended a $15 million general fund transfer to the Idaho workforce housing fund and appropriation authority so the treasurer can pass the money to the Idaho Housing and Finance Association for gap financing; IHFA told the committee prior federal-funded loans were issued as loans and repayments return to a revolving pool.
At the Joint Finance-Appropriations Committee, the State Treasurer’s Office and the Idaho Housing and Finance Association (IHFA) discussed a governor-recommended $15 million transfer from the general fund to the Idaho workforce housing fund to support additional gap financing for workforce housing projects.
Christopher Lahoset, the Legislative Services Office analyst, summarized the treasurer’s budget presentation and noted the FY26 governor’s recommendation…
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