This housing development by Northwest Integrity Housing Company incorporates City-owned property on the south side of Fairview between 24th & 25th Street, and is currently under construction.
The Adare development team is comprised of Northwest Integrity Housing Co., Thomas Development Company, and Pacific West Communities, Inc. The team submitted a proposal to the City of Boise late in 2015 to develop a city owned parcel with mixed income housing on it. The City has leased the ground to the developer/ owner for 40 years. The development team along with its public partners including the CCDC, City of Boise and the Idaho Housing and Finance Association (IHFA) have been working diligently to make this project feasible as construction costs continue to increase and the tax credit market responds to recent tax reform. The developer has revised the development program and the partners have revised their financial commitments to bring this project to fruition and create high quality urban housing in location that promotes walkability and access to a variety of amenities.
The site is located in the 30th Street Urban Renewal Area. The mixed-use project includes retail space along Fairview and 25th Street and 134 units of rental housing. 130 apartments are to be rented to households whose income does not exceed 60% AMI (about $42,200 for a family of four), 13 apartments will be leased at market rates, and 1 apartment will be for the on-site manager.
Construction is well underway and is planned to be complete by late 2019. CCDC Development Director, Todd Bunderson, is overseeing this project.