In a recent government meeting, discussions centered around a significant housing development project in Idaho Falls, which aims to construct 304 residential units on a site spanning over nine acres. The proposed development includes a mix of one, two, three, and four-bedroom units, with plans to enhance the site’s infrastructure to meet the needs of the project.

Key to the development is the acquisition of an adjacent acre of land owned by Rodney Jenkins, which the developers believe will improve continuity across the site. The project is currently facing funding challenges, particularly in securing necessary infrastructure improvements, which are critical for the Low-Income Housing Tax Credit (LIHTC) project.

To address these challenges, the developers outlined several infrastructure needs, including the installation of a twelve-inch waterline extension along West 33rd North and North Good West. Additional improvements will involve relocating existing irrigation ditches, enhancing roadways, and installing sidewalks and lighting to ensure safe access to the new units.

The developers expressed concerns about the limited availability of soft financing options in Idaho, which complicates the funding process for affordable housing projects. Unlike neighboring states such as Colorado and Utah, where gap financing is more accessible, Idaho's developers are looking towards urban renewal initiatives to help bridge financial gaps.

The meeting highlighted the ongoing efforts to address housing shortages in the region, emphasizing the importance of collaboration between developers and local authorities to facilitate the successful completion of affordable housing projects.