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Governor proposes $15 million general‑fund transfer to workforce housing loan program; prior $50 million passed through to IHFA
Summary
The governor recommended a $15 million transfer from the general fund to the Idaho workforce housing fund, with appropriation authorization to provide gap financing through revolving loans; the committee heard that an earlier $50 million appropriation was passed through to Idaho Housing and Finance Association as long‑term loans that are intended
The governor recommended that the legislature transfer $15,000,000 from the general fund to the Idaho workforce housing fund and provide appropriation authorization so the treasurer can pass those funds through to the Idaho Housing and Finance Association (IHFA) for gap financing of workforce housing developments.
Christopher Lahoset, Legislative Services analyst, summarized the treasurer’s budget materials and noted the 2022 supplemental that authorized $50,000,000 in trustee and benefit payments from the Idaho workforce housing fund; Lahoset said the $50,000,000 was not spent in the first fiscal year it was authorized and was reappropriated, and that in FY2023…
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