During the 2007 Session of the Idaho Legislature the Idaho Housing and Finance Association ("IHFA") was granted the legislative authority to issue bonds and make loans for economic development projects and to extend the borrowing and administrative powers of IHFA to include receipt and administration of private sources of financial assistance for economic development. This IHFA Statement of Policy and Rules sets forth general guidelines and standards for such financings. A separate set of Rules or an amendment to these Rules will be subsequently provided for a "Mini-Bond" bank placement program for small project industrial revenue bonds.
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