Section 538 loans in Idaho
USDA's public file lists 26 Section 538 guaranteed loans in Idaho, $32,809,570 in all, financing 1,003 apartments. 26 of them also used housing tax credits. The median loan covered 17% of total development cost.
Lenders on these loans
- BONNEVILLE MORTGAGE COMPANY, LLC25
- PNC BANK, N.A.1
Lender names as USDA records them. Open Country is not affiliated with any lender listed.
| Project | Closed | Loan | Loan to cost | Units | 1BR / 2BR / 3BR rent |
|---|---|---|---|---|---|
| Falcons Landing Mountain Home · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2025 | $4,100,000 | 23% | 60 | - / $891 / $1,206 |
| Pomerelle Pointe Apartments II Burley · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2024 | $2,970,000 | 33% | 48 | $628 / $753 / - |
| Pomerelle Pointe Apartments Burley · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2024 | $3,100,000 | 24% | 48 | - / $963 / $1,112 |
| Depot Square Driggs · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2024 | $1,000,000 | 10% | 34 | $485 / $635 / $1,230 |
| Blaine Manor Senior Apartments Hailey · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2022 | $1,920,000 | 23% | 30 | $775 / $932 / - |
| North Spencer Senior Post Falls · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2022 | $1,790,253 | 15% | 72 | $541 / $660 / - |
| North Spencer Senior Post Falls · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2022 | $884,747 | 7% | 72 | $541 / $660 / - |
| Sunrise Village Apartments Moscow · Other · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2022 | $400,000 | 13% | 18 | $700 / - / - |
| Brent Manor Apartments Payette · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2019 | $500,000 | 10% | 34 | $589 / $716 / $777 |
| Northwest Passage Apartments Donnelly · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2018 | $1,242,000 | 15% | 37 | $535 / $627 / $760 |
| Kinsale Place Apartments Lewiston · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2018 | $1,240,000 | 16% | 36 | $544 / $665 / - |
| Nottingshire Apartments Caldwell · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2018 | $800,000 | 14% | 40 | $675 / $744 / $1,000 |
| Ross Island At Moffat Cove Emmett · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2018 | $1,161,000 | 16% | 36 | - / $431 / $636 |
| Moon Valley Apartments Star · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2018 | $1,275,000 | 17% | 37 | $562 / $690 / $801 |
| Washington Square I & II Apts. Meridian · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2017 | $900,000 | 15% | 42 | $587 / $760 / $825 |
| Carlow Senior Apartments Rexburg · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2017 | $1,020,000 | 12% | 48 | $538 / $620 / - |
| Homes At Riverwalk Burley · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2017 | $1,000,000 | 13% | 36 | - / $351 / $583 |
| The Springs II Apartments Mccall · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2017 | $1,350,000 | 21% | 36 | $625 / $750 / $866 |
| Partridge Park Apts. Burley · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2014 | $665,000 | 25% | 24 | - / $371 / $570 |
| Amy Lyn Apts. Kellogg · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2013 | $1,500,000 | 33% | 40 | - / $637 / $760 |
| Payette Townhouses Payette · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2013 | $750,000 | 24% | 27 | - / $706 / $853 |
| Silver Hills Apartments Wallace · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2012 | $540,000 | 25% | 24 | $606 / - / - |
| Canyonside Apartments Wallace · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2011 | $580,000 | 31% | 24 | $495 / $674 / $820 |
| Aspenwood Apartments Montpelier · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2010 | $875,000 | 30% | 36 | $636 / - / - |
| Meadowbrook Apartments Buhl · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2010 | $470,000 | 24% | 20 | - / $635 / $719 |
| Northside Courts Jerome · Rehab/Repair · LIHTC · PNC BANK, N.A. | 2007 | $776,570 | 27% | 44 | $423 / $508 / - |