In an effort to tackle Boise's ever-expanding need for affordable housing, city officials are poised to move forward with a new affordable housing project, to be developed on city-owned land on the 2400 block of Fairview Avenue.
"Affordable housing is the toughest piece of the housing puzzle, given how difficult it is currently to secure apartment rentals in today's market," said Mike Journee, spokesman for Boise Mayor Dave Bieter. "Affordable, in this particular case, would be defined as tenants who could only afford 30 percent of their income as rent."
Two entities have surfaced, each indicating they'll be submitting proposals for the affordable housing project: Boise-based Thomas Development Co., which already operates a number of multifamily facilities in Nampa, Twin Falls, Lewiston, Chubbuck, Gooding and Idaho Falls; and Northwest Integrity Housing Co, also from Boise, which operates facilities in Gooding, Lewiston and Idaho Falls. According to Journee, if the plan goes through, Thomas Development Co. would be the project's builder and Northwest Integrity would operate the facility.
The Boise City Council will be asked Tuesday, May 17 to move the process forward by crafting a memorandum of understanding that further defines the requirements for the project. Boise officials have identified a parcel of city-owned property at 209 W. Fairview Ave. for the project.
"The Memorandum of Understanding would allow the city to begin the negotiation process with the two companies," said Journee.