Bonneville Apartments

635 Park Ave, Idaho Falls, Idaho 83042

This property is currently under construction.

This property is undergoing renovations that are expected to be completed in late 2019.

Bonneville Apartments Details

  • 35 units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

About Bonneville Apartments

The historic Bonneville Hotel in Idaho Falls is about to undergo a complete restoration. Once renovations are complete in late 2019, the building will be a 35-apartment affordable housing complex, including space for three commercial tenants on the ground floor.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

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