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Treasurer backs $15M governor transfer to workforce housing fund; IHFA says prior $50M awards were loans
Summary
The State Treasurer and Idaho Housing and Finance Association told the Joint Finance-Appropriations Committee that a governor‑recommended $15 million general‑fund transfer to the workforce housing fund would be distributed as revolving loans; IHFA confirmed the earlier $50 million awards were loans intended to revolve back into future rounds.
The Idaho State Treasurer’s Office discussed a governor‑recommended $15 million transfer to the Idaho Workforce Housing Fund and related budget items with the Joint Finance-Appropriations Committee, while the Idaho Housing and Finance Association (IHFA) described the earlier $50 million allocation as loans intended to revolve back into the program.
Budget analyst Christopher Lahoset summarized the treasurer’s role as custodian of state funds and highlighted that Article 14, section 5801 of Idaho Code requires money in the abandoned property trust…
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