New Path 2
114 N. 23rd St.

Background

New Path 2 is a permanent supportive housing development comprised of 96 multi-family units providing affordable housing for individuals and couples who are experiencing or facing homelessness and earning less than 60 percent of the area median income (AMI), though residents will likely be earning substantially below this. The developer, Pacific West Communities, has an established track record of working with the Agency to develop affordable housing. In 2017, the Agency successfully partnered with them to bring the first phase of the New Path project online, including 41 units.

The proposed building will be six stories with apartments above podium parking with ground floor office and amenity space. There will be a total of 96 units comprising 63 studios, 32 one-bedrooms, and a single two-bedroom property manager’s unit. The first and second floors include supportive service offices and residential amenities such as a 4,917 square-foot outdoor courtyard with a garden and a picnic area.

 Project Partnership

On May 8, 2023, the CCDC Board designated the project as eligible for Type 3 Transformative Assistance. Type 3 projects within the Agency’s Participation Program allow for a more customized opportunity for impactful projects to use limited district monies to leverage additional resources from federal, state, and local sources. The financial structure supporting New Path 2 includes federally issued Low-Income Housing Tax Credits (LIHTC) through the Idaho Housing and Finance Association and additional funding through the City of Boise. Agency assistance adds valuable support to this framework to create housing for residents earning well below 60% AMI and revitalize this section of the 30th Street District.

Public improvements eligible for CCDC reimbursement under the agreement include the streetscapes on 23rd Street and public infrastructure upgrades. Along 23rd Street, improvements include new sidewalks, street trees in silva cells, a streetlight, and streetscape furnishings such as bike racks and litter receptacles. This work is estimated to cost $125,325. Public infrastructure upgrades include new water and sewer lines, relocated communication lines, and rebuilding the public alley with permeable pavers for stormwater management. This work is estimated to cost $119,660. Total Eligible Expenses, including 5 percent general conditions allowed for under the Participation Program, come to $257,234. This has been set as the not-to-exceed reimbursement amount in the agreement.

Project Summary

• 96 units- mix of studio and one-bedrooms
• Rental rates range below 60% AMI
• Low Income Housing Tax Credit and City of Boise support
• $35 million Total Development Costs
• $257,234 Estimated Eligible Expenses

Contact

For specific project questions, please contact CCDC Project Manager Corrie Brending.