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Treasurer backs $15M general fund transfer to workforce housing fund; IHFA explains loan structure
Summary
The State Treasurer’s Office supported a governor recommendation to transfer $15 million from the general fund to the Idaho Workforce Housing Fund to provide gap financing for rental housing developments through the Idaho Housing and Finance Association (IHFA).
The State Treasurer’s Office briefed the Joint Finance‑Appropriations Committee on the governor’s recommendation to transfer $15 million from the general fund to the Idaho Workforce Housing Fund to support revolving‑loan financing for workforce housing developments.
Christopher Lahoset, Legislative Services Office analyst, noted prior supplemental appropriations included a $50 million one‑time authorization routed through the treasurer to the Idaho Housing and Finance…
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