New Apartments, Lasting Affordability 

Tim loves the friendliness of the people who make up the Denton Street Apartments. He was one of the first people to move into the new apartment building on the Boise Bench, near Saint Alphonsus Regional Medical Center. 

The 193 unit building has all of the bells and whistles you see in modern apartments, like a gym, covered parking, a community room and a large private patio with a playground for tenants of all ages to enjoy. But the new complex has something else that harder to find in the Treasure Valley: Rents below market rate. 

All but two of the units at Denton Street are for residents making no more than 80 percent of area median income, with dozens set aside for people making much less than that. The Pacific Companies had the vision, but it took Low Income Housing Tax Credits and Workforce Housing Funds from Idaho Housing and Finance, as well as nearly $7 million in funds from the city of Boise, to get it built while keeping it affordable. 

“Developments like this depend on a variety of partners, from tax credit providers to financial supporters, to make the numbers work,” said Caleb Roope, president and CEO of The Pacific Companies. “We appreciate Idaho Housing and the City of Boise for helping bring everything together.” 

As part of the deal, the city was also able to get 19 units in the apartment building dedicated to people exiting homelessness, managed by Our Path Home. The program helped Tim get settled into a more permanent living situation after staying at the Boise Rescue Mission. He says he immediately felt right at home. 

“The staff are usually busy, but never too busy to stop and say ‘hey, how are you doing today?’ It’s a very welcoming place.”