Affordable
Developments
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.
Apartments
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.