BOISE - An open house for Nampa’s newest affordable housing community, Creekbridge Court Apartments, will be held tomorrow (June 29) at 10:30 a.m., 2131 3rd Street North, the Idaho Housing and Finance Association announced today.

Creekbridge Court will provide two-, three, and four-bedroom apartments and townhouses for 60 Nampa individuals and families, with 45 units made affordable for low-income residents and three designated handicap-accessible. The site features private patios, computer/education room, picnic areas, a basketball court and a fully-equipped playground.

Creekbridge Court, built by Koa Development, Inc., was financed through Housing Tax Credits (allocated by IHFA) and a permanent loan from Wells Fargo Bank. The following individuals are scheduled to speak at Thursday’s event:

• Gerald Hunter, president and executive director, Idaho Housing and Finance Association
• Joe Delyea, vice president, Wells Fargo Bank
• Caleb Roope, owner, Koa Development

The Housing Tax Credit program is a resource for the development of rental housing complexes with a portion of the rental units reserved for limited-income Idahoans. Eligible applicants for Housing Tax Credit include for-profit and nonprofit housing developers willing to designate a percentage of units in their housing development for lower-income Idahoans.

The Housing Tax Credit program offers direct federal income tax savings to developers of rental housing. Participating owners receive credit annually over a 10-year period when they comply with program regulations, including restricting the amount of rent charged to limited-income families.