IHFA Helps Bring 18 New Housing Units for the Homeless to Ammon
Public Invited to Grand Opening June 17

(AMMON) Idaho Housing and Finance Association announced today that it has provided more than $1 million in financing to CLUB Inc., owner and sponsor of the 18-unit single-occupancy Eagle Pointe Apartments development project, located at the corner of 17th and Crowley, in Ammon, Idaho. The three-building development is for homeless persons with mental disabilities, and will be a place for tenants to transition from homelessness to living as independently as possible. The public is invited to the development’s grand opening on June 17.

IHFA’s financing includes a $540,000 HOME loan, a $400,000 Supportive Housing Program grant, and $95,000 in dedicated funds to the project. HOME is a block-grant-to-states funding source made available by the U.S. Department of Housing and Urban Development, and administered in Idaho, by IHFA, specifically to provide housing options for lower-income residents.

"IHFA's mission is to provide housing opportunities statewide," said Bob Reed, vice president, Real Estate Lending. Since IHFA’s inception, the association has generated approximately $230 million in equity through its Housing Tax Credit program and collaborated to provide 179 affordable rental housing developments with nearly 7,900 housing units across the state.

Project owner and sponsor CLUB Inc. provides a mixture of mental health and substance abuse services. "CLUB Inc. is a unique organization because it has always had clients and consumers on its Board of Directors,” said Michael Hinman, board chairman.

CLUB stands for Caring, Learning, Understanding, and Belonging – essential elements for individual treatment. The not-for-profit agency provides services to approximately 600 individuals annually in Eastern Idaho.

“People who receive services help run the company. In the Eagle Pointe project they have been involved from the start: Helping approve the concept, helping pick the location, helping approve the plans and helping to select the colors. Thanks to the cooperative efforts of many people the dream has become reality,” said Hinman.

Century Contractors is the general contractor and Design Place PLLC designed the project. Blacker’s Home Furnishings in Idaho Falls is furnishing the units, landscape design was done by Lance Ellis, and interior decoration was done by Karen Cowart and Lila Cochran, each of whom donated her services.

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The Idaho Housing and Finance Association, a financial services and housing business organization, provides funding for affordable housing in communities where it is most needed and when economically feasible.