Over the last 20 years, Boise City Ada County Housing Authority has developed 269 units of housing, one three-story office building and the region’s sub-acute mental health and detoxification facility. Our Real Estate Owned (REO) program has purchased, rehabilitated and sold 67 homes in Ada County as affordable housing. As a recipient of CDBG funds from the City of Meridian, BCACHA has assisted 18 households into home ownership since 2009. And BCACHA has overseen the design and construction of Allumbaugh House, the region’s no cost sub-acute mental health and detoxification center. In the future, we intend to design a recovery-oriented apartment complex adjacent to Allumbaugh House to address the challenges of transitional housing for recovering addicts.
Currently, we are seeking financing of a 50-unit affordable housing project on the corner of Moore Street and 32nd Street in Boise. The “Sandhill Crane” project has completed the code requirement process and is now focusing on the effort to acquire permanent financing to enable a beautiful property for low to moderate income households near the downtown core.
Assisted Home-Ownership Program:
In 1998, BCHA received a national best-practice award from the Department of Housing and Urban Development for the development of the Hobbler Place Assisted Home-Ownership Program. Under this program, and through the issuance of a $7.9 million revenue bond, the Housing Authority developed and constructed 100 single family homes located in the Hobbler Place subdivision. Its purpose was to assist moderate-income families in purchasing homes. Under the program, residents were required to rent the unit from the Housing Authority for one to three years while they worked with the agency to help them qualify for purchase. Once the family qualified to purchase the home, they were able to acquire below market rate financing while the Housing Authority helped them with the down payment credit. This project is now successfully completed with both a rental and an ownership phase. 21 homes remain in the agencies rental portfolio.