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Where business news starts in Boise.

New apartment project could add affordable units to downtown, if tax credits are approved

A second proposal for apartments on Grove St. could add affordable housing units to the downtown Boise area.

BoiseDev first reported on a project to build a six-story, 114 unit housing and retail building at 5th and Grove. The project did not cover the full block Clay Carley owns along Grove, leaving a small sliver of land in question.

A project rendering showed a generic cube sitting on that land, separated by a small courtyard.

An orange arrow, added by BoiseDev, shows the location of a possible new building to include affordable housing. Rendering via PivotNorth
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  • Grove St. Apartments

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A filing with the City of Boise outlines what could happen in place of the mysterious cube.

The seven-story building would include ground-floor retail, office space on the second floor and 60 units of housing on the third through seventh floors.

Tax credits proposed

The Idaho Statesman reported the affordable piece is “now in question.” However, during an August meeting of the Capital City Development Corporation, project partner Dean Papé talked about that portion of the development.

“We have a development partner that we’ve submitted low-income tax credit housing on that corner,” he told the CCDC board. “We will do both projects at the same time.”

He said a decision on the tax credits could come in November. If they win the credits, crews would build the projects together.

City of Boise spokesperson Mike Journee said the city committed up to $1-million federal funds it controls for the project. The funding is contingent on winning the affordable tax credits. The city gets the dollars from Housing and Urban Development’s HOME program for rental housing. Projects must include at least 90 percent of families at or below 60 percent of the area median income level – with the remaining 10 percent for families who make 80% of the threshold or less.

Site plan showing the location of the fixed and market-rate projects.

Together, the projects would add more than 175 total housing units to the area at a variety of price points.

Design review applications with the City of Boise do not generally indicate the type of housing a project will include.

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