Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Treasurer, IHFA Describe Loan Model for Workforce Housing; Governor Recommends $15M Transfer
Summary
The State Treasurer and Idaho Housing and Finance Association told the Joint Finance-Appropriations Committee that prior workforce housing funds were distributed as loans and returned to a revolving loan pool; the governor's FY26 recommendation includes a $15 million General Fund transfer and appropriation to support additional gap financing.
The Joint Finance-Appropriations Committee reviewed the State Treasurer's budget, including a governor's recommendation to transfer $15 million from the General Fund into the Idaho workforce housing fund to provide gap financing for housing developments.
Legislative Services analyst Christopher Lahoset summarized the treasurer's responsibilities and fund flows, noting the treasurer acts as custodian for public school endowments, manages state deposits and investments, and administers unclaimed property. Lahoset called attention to the consolidated fund analysis and highlighted the abandoned property trust fund line; the analyst…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
