The Carriage Lane Apartments on the east side of Twin Falls recently added 36 apartments, bringing the development to a total of 78 units. The Housing Company, a nonprofit organization formed by IHFA in 1990, oversees and manages the Carriage Lane development.
Wells Fargo Northwest, N.A., is the chief financial partner, with IHFA providing the construction funding and the permanent loan. IHFA also administered federal HOME funds as part of the project.
"The Carriage Lane development has been very successful, with high occupancy in the 42 original apartment homes over the last two years. There has been consistent demand for vacated apartments," explained The Housing Company's Chief Operating Officer and Vice President Laura Shaffer.
The Housing Company is committed to providing rental housing options for Idaho families and senior citizens. THC serves as the management company for 22 affordable properties located throughout Idaho, with a mission to help residents achieve individual and family housing goals through affordable rents and desirable living conditions.
For additional information about The Housing Company, visit them at http://thehousingcompany.org or IHFA's Nonprofit Partners link at www.ihfa.org/nonprofit.asp.
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