Housing trust fund

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded the Idaho Housing and Finance Association $3,001,259.36 through the Housing Trust Fund formula grant on September 23, 2025.

The Housing Trust Fund supports the production, preservation, and rehabilitation of rental housing for extremely low-income and very low-income households. Under this award, IHFA will use grant funds to acquire, construct, or rehabilitate affordable rental housing units and may provide assistance through grants, equity investments, or interest-bearing or non-interest-bearing loans. At least 80 percent of the award must support rental housing activities; up to 10 percent may support homeownership; and up to 10 percent may cover reasonable administrative and planning costs. Up to 30 percent of the award may support operations of rental housing acquired, constructed, or rehabilitated with these funds.

The recipient is Idaho Housing and Finance Association, a non-profit housing finance agency based in Boise, Idaho, which administers federal grant funding for affordable housing development across Idaho. The award carries a period of performance through September 23, 2032. Place of performance is Boise, Idaho. The assistance type is a formula grant. Grantees must commit all funds to projects within 24 months and expend funds within 5 years of award.