BOISE, Idaho — A news release said the City of Boise has been awarded $6.6 million, to be used to "further the city's housing initiatives."
The goal of the awarded money is to build and maintain 250 new homes for individuals transitioning out of homelessness, working alongside the city's partner Our Path Home.
According to a news release, the money comes from the U.S. Treasury's Social Impact Partnership to Pay for Results Act (SIPPRA) program.
"We are excited to leverage this opportunity from U.S. Treasury supporting our efforts to make sure that every resident has a home here in Boise," said City of Boise's Mayor McLean. "This funding will play a vital role in helping our most vulnerable residents not only find stable housing, but also have the support they need to thrive long-term."
Boise was one of six communities selected nationwide to receive this award, and the results are monitored locally by the Idaho Policy Institute. The Idaho Policy Institute will receive an additional $1 million to fund their research.
A news release said that earlier this year, Mayor McLean launched, "the Supportive Housing Investment Fund (SHIF) in partnership with the Idaho Community Foundation. SHIF sustains wraparound supportive services for permanent supportive housing, generating positive outcomes for both residents and the community. The city has contributed $7.5 million in seed funding to the program and plans to reinvest the $6.6 million back into the fund, ultimately supporting 143 homes."
The SIPPRA program has already shown success in Boise, with New Path Community Housing generating $8.8 million in cost savings in the program's first five years. The City of Boise and its partners Terry Reilly Health Services and Boise City/Ada County Housing Authorities have seen reductions in community costs through these efforts, according to a news release.
