Idaho Housing uses its bond financing and administrative expertise on behalf of qualified Idaho nonprofit organizations to obtain lower-cost, tax-exempt financing, which means large savings in financing costs for nonprofits. Nonprofit Facilities Revenue bonds are issued by Idaho Housing to finance facilities to be owned by qualified 501(c)(3) nonprofit organizations and do not have to be housing-related.
Developments that are or will become governmental facilities, could be financed by other governmental means, or have a religious affiliation are not eligible for financing under this program. In addition, these bonds cannot be used unless they will serve a valid public purpose. Funding guidelines state that Idaho Housing cannot be held liable for defaults by the users of these bonds, and that the parties benefiting from the financing pay for it.
Nonprofits requesting financing under the Public Charter School Facilities Program (Idaho Code §33-5218) could qualify for the state-backed credit enhancement program. This financing tool helps charter schools obtain favorable financing on bonds so that less money is spent on interest. To apply for state credit enhancement, please email Cory Phelps, IHFA’s vice president of project finance.
Policies and Application
Bond Issues Completed
Idaho Housing was first authorized to issue these bonds in 1997 and has completed the following bond issues. Asterisk denotes financing that used State of Idaho Credit Enhancement.
| Year | Name | Community | Date Closed | Amount |
|---|---|---|---|---|
| 2022 | Gem Prep: Twin Falls | Twin Falls | 8/18/2022 | $6,451,517 |
| Connor Academy of Idaho | Chubbuck | 7/19/2022 | $19,125,000 | |
| Pinecrest Academy of Idaho | Twin Falls | 5/24/2022 | $13,860,000 | |
| Northwest Real Estate Capital Corp. | Various | 4/28/2022 | $16,400,000 | |
| Vision Charter School | Caldwell | 4/20/2022 | $8,090,000 | |
| Riverstone (Charter School) | Boise | 3/31/2022 | $10,000,000 | |
| Alturas (Charter School) | Idaho Falls | 3/8/2022 | $8,225,000 | |
| Gem Prep Pocatello | Pocatello | 3/3/2022 | $7,120,000 | |
| Future Public School, Inc | Garden City | 2/24/2022 | $9,395,000 | |
| Gem Prep Nampa | Nampa | 2/24/2022 | $10,100,000 | |
| Gem Prep Meridian | Meridian | 2/24/2022 | $9,315,000 | |
| Hayden Canyon Charter School | Hayden | 1/20/2022 | $6,145,000 | |
| 2021 | Doral Academy | Meridian | 12/16/21 | $8,235,000 |
| Blackfoot Charter Community Learning Center | Blackfoot | 12/8/21 | $15,265,000 | |
| Anser Charter School, Inc.* | Boise | 5/12/21 | $11,730,000 | |
| Idaho Arts Charter School* | Nampa | 1/26/21 | $4,825,000 | |
| 2020 | Sage International School* | Boise | 12/16/20 | $11,120,000 |
| Gem Prep Meridian (charter school) | Meridian | 8/26/20 | $11,745,000 | |
| Liberty Charter School, Inc. | Nampa | 7/29/20 | $3,250,000 | |
| Compass Public Charter School, Inc. | Meridian | 4/8/20 | $7,640,000 | |
| Hayden Canyon Charter School | Hayden | 3/13/20 | $8,250,000 | |
| 2018 | Building Hope (charter school) | Caldwell | 9/28/18 | $10,000,000 |
| Compass Public Charter School, Inc. | Meridian | 9/4/18 | $15,655,000 | |
| Heritage Community Charter School | Caldwell | 5/9/18 | $6,980,000 | |
| 2017 | Riverstone International School | Boise | 12/28/17 | $4,473,220 |
| Building Hope | Treasure Valley | 11/8/17 | $20,240,000 | |
| The Village Charter School | Boise | 5/11/17 | $5,050,000 | |
| 2016 | Community Council of Idaho | Caldwell | 12/20/16 | $2,481,000 |
| College of Idaho | Caldwell | 10/4/16 | $33,350,000 | |
| Vision Charter School | Caldwell | 9/21/16 | $6,500,000 | |
| Victory Charter School | Nampa | 8/31/16 | $4,580,000 | |
| Idaho Arts Charter School | Nampa | 8/31/16 | $7,040,000 | |
| 2015 | Idaho Arts Charter School, Series 2015A | Boise | 12/22/15 | $5,920,000 |
| Sage International School | Boise | 12/18/15 | $7,800,000 | |
| Federally Funded Highway Projects (GARVEE) | Statewide | 7/21/15 | $172,540,000 | |
| Snake River Montessori School Refi | Idaho Falls | 4/23/15 | $712,033 | |
| BSU Foundation | Boise | 4/29/15 | $5,000,000 | |
| Xavier Charter School | Twin Falls | 4/16/15 | $7,300,000 | |
| 2014 | North Star Charter School | Boise | 4/12/14 | $12,461,750 |
| Riverstone International School | Boise | 4/10/14 | $4,627,000 | |
| Federally Funded Highway Projects (GARVEE) | Statewide | 1/28/14 | $75,145,000 | |
| 2013 | Wood River Community YMCA | Ketchum | 4/30/13 | $2,000,000 |
| Legacy Public Charter School | Nampa | 2/19/13 | $2,975,000 | |
| 2012 | Federally Funded Highway Projects (GARVEE) | Statewide | 10/1/12 | $34,890,000 |
| Idaho Arts Charter School-Series 2012 A&B | Nampa | 4/1/12 | $2,175,000 | |
| 2011 | Idaho Youth Ranch | Boise | 12/7/11 | $4,106,356 |
| Federally Funded Highway Projects (GARVEE) | Statewide | 7/28/11 | $72,925,000 | |
| 2010 | Compass Public Charter School, Inc. | Meridian | 9/21/10 | $5,155,000 |
| The Community School - Series 2010 | Sun Valley | 6/30/10 | $2,330,000 | |
| Federally Funded Highway Projects (GARVEE) | Statewide | 1/28/10 | $84,290,000 | |
| 2009 | YMCA Camp Project - Series 2009 | Cascade | 10/27/09 | $5,800,000 |
| Victory Charter School, Inc. - Series 2009 | Nampa | 7/8/09 | $855,000 | |
| Goodwill Industries of the Inland Northwest - Series 2009 | Ponderay | 6/12/09 | $1,850,000 | |
| Wood River Community YMCA Project- Series 2009 | Ketchum | 6/4/09 | $6,000,000 | |
| Anser Charter School, Inc. | Boise | 5/22/09 | $2,700,000 | |
| North Star Charter School, Inc. - Series 2009 | Eagle | 3/10/09 | $11,775,000 | |
| Federally Funded Highway Projects (GARVEE) | Statewide | 2/5/09 | $172,210,000 | |
| 2008 | Boise State University Foundation, Inc. | Boise | 10/14/08 | $5,058,000 |
| Victory Charter School, Inc.- Series 2008 | Nampa | 7/23/08 | $3,965,000 | |
| The College of Idaho- Series 2008 | Caldwell | 7/19/08 | $21,455,000 | |
| Liberty Charter School, Inc.) - Series 2008 | Nampa | 5/29/08 | $4,005,000 | |
| Federally Funded Highway Projects (GARVEE) | Statewide | 4/3/08 | $173,035,000 | |
| Idaho Arts Charter School - Series 2008 | Nampa | 2/26/08 | $7,320,000 | |
| 2007 | Goodwill Industries of the Inland Northwest | Moscow | 5/25/07 | $1,400,000 |
| Rolling Hills Public Charter School | Boise | 3/1/07 | $2,500,000 | |
| 2006 | Federally Funded Highway Projects (GARVEE) | Statewide | 5/23/06 | $194,340,000 |
| Thomas Jefferson Charter School | Caldwell | 1/31/06 | $2,600,000 | |
| Healthwise, Inc. - Series 2006 | Boise | 1/19/06 | $3,520,000 | |
| 2005 | Idaho Shakespeare Festival, Inc. - Series 2005 | Boise | 12/22/05 | $465,000 |
| Moscow Charter School, Inc. - Series 2005 | Moscow | 12/20/05 | $752,000 | |
| Pocatello Community Charter School | Pocatello | 8/29/05 | $2,480,000 | |
| 2004 | Caldwell YMCA Project - Series 2004 | Caldwell | 12/23/04 | $6,600,000 |
| Treasure Valley Family YMCA - Series 2004 | Boise | 10/28/04 | $3,400,000 | |
| 2003 | Snake River Montessori School - Series 2003 | Idaho Falls | 5/14/03 | $1,300,000 |
| 2002 | Friends of Children and Families, Inc. | Garden City | 12/27/02 | $1,968,070 |
| 2001 | Neighborhood Housing Services, Inc. | Boise | 12/21/01 | $1,350,000 |
| 2000 | Snake River Montessori School | Idaho Falls | 6/21/2000 | $560,000 |
| 1999 | Albertson College of Idaho | Caldwell | 2/18/1999 | $2,000,000 |
| YMCA of Boise | Boise | 4/29/1999 | $6,000,000 | |
| 1998 | National Oregon-California Trail Museum | Montpelier | 11/5/1998 | $800,000 |
| 1997 | Albertson College of Idaho | Caldwell | 8/28/1997 | $4,490,000 |
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