State Street District – Projects
May 9, 2025
| Economic Development |
2426 N. Arthur St. – Wilson Station – PP Type 3: Wilson Station is a mixed-use, affordable housing development comprised of 102 multi-family units and ground floor commercial space intended to be a day care. This project is being developed by Pacific West Communities, Inc. with Low-Income Housing Tax Credits (LIHTC) and the City of Boise’s Housing Land Trust. This unique model allows the developer to enter a below market long-term lease with the City of Boise, which owns the underlying land. With this financial structure the project can maintain affordable rental rates for residents earning 30%-80% of the Area Median Income. There is an estimated $860,000 in eligible expenses for streetscape and public utility upgrades. The Board designated the project for Type 3 Transformative Assistance in April 2023 and approved a final agreement in October 2023. The project is wrapping up construction and cost documentation is expected to be completed this fiscal year. Project Lead: Alexandra Monjar
1620 N. 31st St. – 31St. Street Apartments – PP Type 1: The Agency received a Type 1 application from Tai June Properties, LLC for a residential development on the corner of 31st and Bella Streets. The new construction consists of five residential units, each approximately 1,707 square feet with three bedrooms and two and a half bathrooms. Long-term bike storage will be provided, along with nine parking spaces for residents and guests. Public improvements include new sidewalks, trees, landscaping, and stormwater mitigation upgrades. The Board approved the Type 1 Agreement at the February 10, 2025 meeting and construction is underway. Project Lead: Kassi Brown
8306 W. State St. – Property Acquisition – PP Type 5: The Board approved the purchase and sale agreement for the acquisition of property at 8306 W State Street at the Board meeting on February 10th. The PSA included a purchase price of $1,750,000 and a due diligence period of 30 days with the option of a 30-day extension. During the initial due diligence period the Agency completed an appraisal, ALTA survey, and phase one environmental site assessment. The results from the review of the due diligence materials did not produce any concerns about continuing with closing on the property. The due diligence period expired on April 11th, and the Agency closed on the property on April 24th. Project Lead: Corrie Brending
1711 N 31st St. – Residential Development – PP Type 1: The Agency received a Type 1 application from Cook Property Management, LLC for an infill residential development at 1711 N 31st Street. The project consists of three new single-family homes, each consisting of three bedrooms and three and a half bathrooms, and a detached garage with second story ADU. Public improvements include new sidewalks, trees, alleyway, and utility upgrades. The Agency is engaging with the owner to potentially further enhance pedestrian accessibility by completing additional sidewalk connections to the neighboring properties. The Board will consider the project for Designation at the May 12, 2025 meeting. Project Lead: Kassi Brown