In 1978, IHFA began selling housing bonds on the national market to make low-interest mortgage loans available to Idahoans. The money generated by bond sales provides low-interest mortgage loans for thousands of Idahoans each year—most are first time buyers.

IHFA also makes below-market interest rate loans to developers and nonprofit sponsors of affordable multifamily developments, for both families and seniors through bond sales. At least 20 percent of the units in an IHFA-financed development must be rented to very low-income individuals and families.

Our bond programs allow us to fill a niche helping home buyers purchase their first home and by helping sponsors of multifamily developments create more affordable rental housing statewide.