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Treasurer backs $15 million transfer for workforce housing; prior $50 million dispersed via loans
Summary
The Idaho State Treasurer and Idaho Housing and Finance Association told the Joint Finance‑Appropriations Committee a proposed $15 million transfer from the general fund would be passed to IHFA for gap financing of workforce housing; IHFA said previous funding was issued as loans intended to revolve back into future projects.
The Joint Finance‑Appropriations Committee considered a governor’s recommendation to transfer $15 million from the general fund to the Idaho Workforce Housing Fund, with appropriation authority to pass the money through to the Idaho Housing and Finance Association for gap financing of workforce housing projects.
Legislative analyst Christopher Lahoset summarized the treasurer’s consolidated fund analysis and noted that, under statute, excess amounts in the abandoned property trust fund revert to the general fund after a $500,000 threshold. He also reviewed…
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