Boise Receives $9 Million Federal Award for 50-Unit Supportive Housing Project
Boise has received a $9 million federal housing award to help advance The Fulton, a planned 50-unit permanent supportive housing development for people transitioning out of homelessness.
The award from the U.S. Department of Housing and Urban Development (HUD) is a significant financing step for the long-planned project, which is planned for city-owned land near Fire Station 5 and Rhodes Skate Park in downtown Boise. Boise is one of 13 communities receiving an award under the federal program, according to local reporting on the city’s announcement.
Why This Matters to Boise Communities
The Fulton is designed to provide permanent supportive housing for people exiting homelessness, combining housing with on-site support services.
For Boise and the surrounding Treasure Valley, the project adds to a growing pipeline of supportive-housing developments intended to provide more permanent housing options for people who have experienced homelessness.
However, the new award does not mean the 50 homes are immediately available. The project remains in the predevelopment stage, with additional financing still being assembled and no construction or occupancy schedule announced.
Project Details and Funding
The planned development, known as The Fulton, will include 50 homes on city-owned land at approximately 215 S. 15th Street, near Rhodes Skate Park and the city’s downtown Fire Station No. 5.
Northwest Real Estate Capital Corp. is identified as the developer. The project is part of Boise’s broader use of city-owned land and other financing tools to expand affordable and supportive housing.
The $9 million federal award represents an important part of the project’s financing, but it is not the project’s full development budget. Additional financing remains necessary before construction can begin. A Low-Income Housing Tax Credit application for The Fulton has also been submitted as part of the project’s financing efforts.
What Is Supportive Housing?
Permanent supportive housing combines long-term housing with services intended to help residents maintain stable housing and address other challenges they may face.
HUD’s Continuum of Care programs support communities working to address homelessness through housing and related services. The federal CoC Builds initiative specifically focuses on creating permanent supportive housing through activities such as new construction, acquisition, or rehabilitation.
The Fulton is therefore different from a general rental-assistance program or housing-voucher initiative. The federal funding is supporting the development of a physical housing project, with supportive services incorporated into the planned model.
Part of a Larger Boise Housing Pipeline
The Fulton is one of several supportive-housing projects being developed in the Boise area.
Local reporting has previously identified projects including New Path 2.0, a planned 95-unit development, and other supportive-housing developments intended to serve people transitioning out of homelessness. The projects are at different stages, meaning planned units should not be interpreted as housing that is already available.
The distinction is important: The Fulton has received a major funding commitment, but construction has not yet been scheduled.
What Happens Next?
The next steps involve completing the project’s financing and moving through the remaining development process.
The city has not announced a construction start date or anticipated opening date. Those milestones will depend on securing the remaining financing and completing the necessary planning and development work.
Once additional financing and project planning are completed, future announcements are expected to provide more information about construction and eventually housing availability.
Broader Context
Boise has been working for several years to expand affordable and supportive housing options. The city has used city-owned land, local funding, and federal resources as part of its broader housing strategy. Its housing planning documents identify supportive housing and affordable housing production as ongoing priorities.
The federal award for The Fulton adds another major source of capital to that effort and moves a previously planned project closer to construction.
Key Takeaway
Boise has secured a $9 million federal award for The Fulton, a planned 50-unit permanent supportive housing development for people transitioning out of homelessness.
The funding represents an important step forward, but the project is not yet under construction and does not have an announced opening date. Additional financing still needs to be assembled before the development can move into construction.
For Boise residents and property professionals, the project is worth watching as the city continues to expand its supportive-housing pipeline and develop new approaches to addressing housing needs in the Treasure Valley.