Four months ago, the Idaho Housing and Finance Association announced it had come up with most of the money needed to build 40 Housing First apartments for homeless people in a project close to Downtown Boise.
That money, expected to be around $5.8 million, would come from the sale of federal tax credits that IHFA allocates. It would cover most of the anticipated $7.3 million cost of construction.
Now, the Boise City Ada County Housing Authority is allocating money to cover a big chunk of the rent and other ongoing costs at the project. It is the first housing authority in Idaho history to assign housing vouchers to a project instead of allowing low-income clients to choose their own homes and apply the voucher amount to the rent.