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Affordable
Developments

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Nampa School District Housing

The Canyon Terrace Apartments project is a unique partnership between IHFA, the Nampa School District, and Trinity Health (Saint Alphonsus). The project, which is slated to break ground this spring, will include 80 apartments, made up of 1, 2, and 3-bedroom units. Of those, 15 units will be reserved for homeless families who have kids attending classes in the Nampa School District. The complex will also feature a clubhouse with leasing office, community space, computer room, laundry, patio, and playground.


Canyon Terrace
Apartments
Estimated total project cost $17,600,000
canyon terrace apartments blueprint

Funding Partners

Tax Credits − IHFA

$6,079,802

Investor/Limited Partner − R4 Capital

$5,350,000

CDBG Funds − City of Nampa

$150,000

IHFA Homelessness Funds

$1,000,000

Construction/Perm Lender − R4 Capital Funding

$12,000,000

Lender − Trinity Health

$1,000,000

Equity Financing − IHFA

$600,000

Bonneville Hotel

The historic Bonneville Hotel is finding new life, providing 35 affordable apartments to people in downtown Idaho Falls. The renovation process was made possible through the collaboration between the Idaho Falls Urban Renewal Agency, Idaho Housing and Finance Association, and The Housing Company.