Idaho Housing and Finance Association Provides $191,000 Home Loan for Assisted-Living Apartments in St. Maries, ID.

BOISE - On Friday, July 18, Representative Helen Chenoweth and Congressional Medal of Honor recipient Vernon Jordan will help kick off two full days of dedication ceremonies for the new $4 million expansion of the Valley Vista Care Center in St. Maries, Idaho. The center is known throughout the Pacific Northwest as a premier care provider for patients with nervous system disorders such as Huntington's and Parkinson's disease.

Nineteen assisted-living apartments in the expansion were financed in part through a low-interest $191,000 HOME loan from the Idaho Housing and Finance Association (IHFA). State officials, IHFA representatives and local luminaries will be on hand to celebrate Friday evening with a ribbon-cutting, barbecue, live music and facility tours. "We are pleased to support a project that provides an attractive design along with the promise of a high quality of life for its residents," said IHFA Executive Director Rod Beck. The HOME-financed units offer limited-income residents a chance for independent living in proximity to some of the best medical care in the northwest.

IHFA is the federal HOME funds administrator for the State of Idaho. During the 12 months ending June 30, Idaho received $3,723,000 in HOME funds for multifamily development loans. HOME loans require matching funds from other sources, and HOME-assisted units are reserved for limited-income households.

IHFA is an independent organization that promotes affordable housing opportunities throughout Idaho without direct cost to Idaho taxpayers. For more information, contact IHFA at 208-331-4884.