As the issuer of a large percentage of the municipal bonds in Idaho, Idaho Housing has extensive bonding expertise, and issues a variety of tax-exempt and taxable bonds that deliver low-cost financing to borrowers. Idaho Housing is completely self-supporting and uses no state tax dollars in its operations, making us a tremendous asset for the taxpayers of Idaho.
Mortgage Revenue Bonds
Mortgage Revenue Bonds (MRBs) are reduced risk investments because, in addition to the mortgage on the property being financed, the bond issue requires cash reserves and other safeguards, giving the investor or bondholder additional assurance that the bond issuer will repay the loan. These bonds provide low-interest mortgage loans for first-time homebuyers.
Bond Disclosure Reports
Idaho Housing and Finance Association is subject to the terms and requirements of Rule 15c 2-12 (b)(5), adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934. This rule mandates that we provide annual disclosure reports to Nationally Recognized Municipal Securities Information Repositories (NRMSIR). This disclosure report must include audited financial statements as well as detailed information concerning each of our outstanding bond issues. IHFA provides updated disclosure information to each NRMSIR on a quarterly basis.
Bond Disclosure Information (This links to a secure area)
Housing Bonds
In 1978, IHFA began selling housing bonds on the national market to make low-interest mortgage loans available to Idahoans. The money generated by bond sales provides low-interest mortgage loans for thousands of Idahoans each year—most are first time buyers.
IHFA also makes below-market interest rate loans to developers and nonprofit sponsors of affordable multifamily developments, for both families and seniors through bond sales. At least 20 percent of the units in an IHFA-financed development must be rented to very low-income individuals and families.
Our bond programs allow us to fill a niche helping home buyers purchase their first home and by helping sponsors of multifamily developments create more affordable rental housing statewide.
Future Investment Opportunities
The following lists recent bond issues and scheduled future bond issues IHFA expects to issue in the near future. To obtain a preliminary Official Statement and/or other offering information, please contact us at investorinfo@ihfa.org.
Scheduled Future Bond Issues
Idaho Housing and Finance Association has no housing bond issues planned in the immediate future. More information will be posted when it becomes available.
Recent Bond Issues
Idaho Housing and Finance Association closed $63,820,000 Single Family Mortgage Bonds 2016 Series 1 on July 1, 2016 and $89,130,000 Single Family Mortgage Bonds 2016 Series A on July 6, 2016. Please contact the IHFA Capital Markets staff for more information on these issues.
Housing Bond Official Statement
The link below contains Officials Statements of Idaho Housing and Finance Association which relate to bond issues of Idaho Housing and Finance Association that have been sold and distributed in underwritten public offerings described in the related official statement. Each viewer acknowledges that (i) Idaho Housing and Finance Association is not now by such official statements offering any bonds or other securities or soliciting an offer to buy any securities, (ii) the information contained in such official statements is not to be construed as a description of Idaho Housing and Finance Association or its programs in conjunction with any offerings of bonds or securities of Idaho Housing and Finance Association (such offerings are only made pursuant to the appropriate official statement of Idaho Housing and Finance Association) nor shall anyone assume from the availability of such information that the affairs of Idaho Housing and Finance Association (or its programs) have not changed since the date of such information, (iii) no representation is made as to the propriety or legality of any secondary market trading of the bonds or securities of Idaho Housing and Finance Association by anyone in any jurisdiction, and (iv) this information speaks as of its date and Idaho Housing and Finance Association does not hereby obligate itself in any manner to periodically or otherwise update this information or to maintain the availability of this information. Except for such Idaho Housing and Finance Association official statements, Idaho Housing and Finance Association has not participated in the preparation, compilation, or selection of information on any other web site and assumes no responsibility or liability of the contents thereof.
2016 Series A Official Statement
2015 Garvee Official Statement
Public Investor Information and Publications
Community Reports
- 2016 Community Report
- 2015 Vision, Mission, Impact
- 2014 Our Story Unfolds
- 2013 The Definition of Success
- 2012 Common Thread
- 2011 The Ripple Effect
Financial Reports
- 2016 IHFA Financial Report
- 2015 IHFA Financial Report
- 2014 IHFA Financial Report
- 2013 IHFA Financial Report
- 2012 IHFA Financial Report
- 2011 IHFA Financial Report
- 2010 IHFA Financial Report
- 2009 IHFA Financial Report
