What does BCHA have available for Purchase?
1908 Warm Springs Rd #28 Pineridge – Category 3: 1-bd/1-ba (Household size 1-3) $159,369
106 Village Way #10 Elkhorn Springs – Category 4: 2-bd / 2-ba (Household size 2-5) $261,265
109 Angani Way Unit #4 – Category 6: 2-bd / 2-ba (Household size 2-5) $387,580
113 Angani Way #2091 Elkhorn Village – Category Local: 1-bd/1 ba (Household size 1-3) $245,000
What kind of programs does BCHA have?
Many Programs are based on Income Categories, measured by Area Median Income (AMI)
See Blaine County Housing Authority’s table for income by category/AMI: Income & Asset Limits and Monthly Housing Costs
You can find more info on BCHA on their website: BCHA/Purchase.
Please read the BCHA Policies to understand how the program works.
Local Ownership Workforce Programs
In addition to Income Deed Restrictions, there are also “Local” Workforce Programs:
These do not restrict income, but do have net worth limits, and require the owner to live in the property as a primary residence, work in Blaine County, and not own other real estate.
An example of a Local Ownership program is the …
City of Ketchum: Ownership and Preservation Program (OPP)
Just rolled out in January 2024, this program offers between 15% and 30% of appraised value in exchange for a deed restriction. This works for existing homeowners or buyers. The restrictions include that the homeowner must live in a home located in the city of Ketchum as their primary residence, work for a company based in Blaine County, and there is a net worth restriction, no short term rentals allowed, and subsequent buyers must meet same qualifications. For the 15% funding, there is no cap on appreciation, for the 30% funding the appreciation is limited to 3% or CPI, whichever is less. For details, check out the OPP Description and Policies
To Apply
Visit the BCHA website.
First Time Home Buyer Class – Idaho Housing
You must complete the Finally Home Homebuyer class online prior to close. idahohousing.com/homebuyers/homebuyer-education
List of Lenders
It is important to work with a lender who know Deed Restrictions (there may be others). These lenders have experience.
