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Boise, ID shifts new developments toward low-income households with affordable housing incentives

Boise, ID Affordable Housing Incentives New Developments

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Developers were eligible for city incentives of up to $40,000 per unit affordable to households earning 30% or less of the area median income (AMI). Boise structured incentives as cash or exemptions from impact fees paid upon occupancy. The program offered $20,000 and $30,000 per-unit incentives for higher AMI levels. Eligible developers were able to combine state and federal incentives if affordable units were added to mixed-use projects.

Land Use Planning / Development Low-income Housing Pilot / POC Affordable Housing

Boise, ID

Municipality in Idaho

United States

Noticiable

City of Boise's affordable housing program "on hold" after few applications

The City of Boise is putting its affordable housing incentive program on hold after it only funded two eligible projects. Under former Mayor Dave Bieter in 2018, Boise City Council approved $2 million for an affordable housing incentive program to try and lure developers to build units for low-income Boiseans anywhere in the city. The […]

Boise discussing housing incentive for 'extremely low-income' units

Boise is launching another effort to encourage developers to build affordable housing. Mayor Lauren McLean is resurrecting an old proposal to give out cash grants to developers in exchange for affordable housing. Former Mayor Dave Bieter’s administration floated the idea and city council earmarked funding for it, but the city never implemented it. There aren’t […]

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The program was halted by city officials in September 2021 after only two developers qualified for grants totaling $220,000.

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